Sentiment remained high this week as the equity rally has now injected investors with confidence. The AAII bullish sentiment jumped to 49.6% – well above its historical average of 39%. Charles Rotblut of AAII says the data is consistent with high optimism:
“What the results do show is that individual investors remain hopeful about the short-term direction of the stock markets. This fall’s rebound has individual investors optimistic about the direction of stock prices, though many still have concerns about the economy, interest rates and the federal deficit.”
The Investor’s Intelligence showed more moderate signs of bullishness at 45.1%.
Source: AAII, II