On the heels of U.S. stocks hitting new all-time highs, public bullishness towards stocks just saw one of the highest 2-weeks jumps in history.
(King World News) From Jason Goepfert at SentimenTrader:
Investors are starting to thaw
Individuals in the AAII survey come roaring back to the bullish camp, a mixed blessing
It takes a while for rapid changes in prices to be reflected in longer-term indicators, so some of the weekly series are just now reflecting the moves from the past 1-2 weeks.
Among them, the weekly survey from the American Association of Individual Investors showed one of the largest two-week jumps in bullish opinion in the survey’s history.
King World News note: Although the overall bullish opinion is still “muted,” the public is definitely increasing their appetite for stocks as the indexes hit new all-time highs. Of course this is the opposite of what we saw at the bottom of the stock markets in 2009.
The chart and commentary above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***ALSO JUST RELEASED: Look At These Markets Seeing Massive Waterfall Declines As Chaotic Global Trading Continues CLCK HERE.
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