Individuals Very Negative

The American Association of Individual Investors survey is showing 21% bulls. That is about as low as it got during the credit crisis. According to SentimenTrader.com there have been 48 other weeks since 1987 where investors were this non bullish. The market was higher 3 months later 47 out of 48 times. Take that Hindenburg Omen.

6 comments:

Applesaucer said...

lol

Applesaucer

p.s., if your credible source re: M&A was Caveman, then I would bet on the opposite happening, as he is reliable contra-indicator

Anonymous said...

If you follow elliott wave, next wave is (III) of III. We will go down hard per technical. So not intrested in small bounce, and wait for 2 to 3 weeks to play bounce.

caveman said...

Applesaucer, is that best you got?

CP said...

I agree that sentiment has gotten much more negative.

It's strange that we aren't seeing more put buying, though.

Chaos! said...

Don't think all the bears can be correct. Mr. Market never accomodates the crowd. We are likely in a bottoming process.

Anonymous said...

I am sure we will be down from here in two weeks. Mr. Bear assure u. Trend has changed. Both technical and fundamentals are poor. You can't work with sentiment alone. Earning has peak. They will drop from next Q.