Thursday, August 4, 2011

PESSIMISM AT HIGHEST LEVEL SINCE MAY 2010

"Bullish sentiment plunged 10.7 percentage points in the latest AAII Sentiment Survey. The proportion of individual investors who expect stock prices to rise over the next six months fell to 27.2%, an eight-week low. The historical average is 39%.

Neutral sentiment, expectations that stock prices will stay essentially flat over the next six months, dropped 7.8 percentage points to 23.0%. This is the lowest neutral sentiment has been since February 3, 2011. The historical average is 31%..."

at http://pragcap.com/pessimism-at-highest-level-since-may-2010

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