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Sentiment Indicating Short-term Correction

Posted by Mark Motive on January 2, 2010 Mark's Blog, Markets Add comments
Jan 022010

Retail sentiment is quite strong at the moment, with American Association of Individual Investors bearish readings at 22.9 and bullish readings at 49.2.

Bearish sentiment hasn’t been this low since February 2007. The spread between bears and bulls hasn’t been this wide in a couple years.

As a contrarian indicator, retail sentiment suggests that we may be in for a correction over the short term.

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