April 25, 2006
Popular Sentiment Growing Ever More Complacent
I was interested to read that “the American Association of Individual Investors (AAII) Survey showed bears outnumbering bulls by a 41% to 34% margin.” I think it’s unusual to have more bears than bulls (by any margin) in the AAII survey.
My own sentiment index, which is based on a media survey, is showing a very different picture.

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