AS STOCKS HIT HIGHS SENTIMENT SOARS

The bulls are back!  The AAII reading hit 43% this week as bearish investors slipped to just 25%.   This is the highest spread since early 2008.    This reading has routinely been a contrarian indicator during this bear market though the recent high readings have yet to be judged.  If the S&P 500 and more importantly, the banks, push their way through this important psychological level we could see the bull parade get a little out of control – to the point where you don’t want to be involved….

Please follow and like us:

About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

See author's posts