Last Thursdays reading of the AAII poll showed the lowest bullish reading on history. Just 7 days later the reading is up 46% to 27.6 – still a low reading, but an enormous one week move.
Psychology is perhaps the most important thing to understand when investing in any market. This is still a very low historical reading, but as more and more investors move onto our side of the ship we will slowly be moving to a more neutral position.
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