A diary of the thought process behind my investment decisions
The AAII bullish percentage reached 21%. That roughly equals the lows of the financial meltdown. Individual investors are extremely pessimistic with the caveat that the survey was taken before yesterday's rally. That is in addition to traders being extremely negative and newsletter writers. I am not very optimistic about the economy but I also don't enter crowded trades, so the short side is not an option for me.