Friday, October 22, 2010

As For The Bulls....


BeSpoke yesterday also took a look at the number of Bulls out in the market now.  They noted yesterday's "release of weekly sentiment figures from the American Association of Individual Investors (AAII) showed that bullish sentiment rose close to 50%, which is the highest level since early September. Prior to that, you have to go all the way back to the Summer of 2009 to find a bullish reading as high as it is now."

Since we highlighted the extremely low levels of negativity, I felt we also need to see the other side of that coin.  Look  how optimistic the world seems to be right now!!! 

I think this means that somewhere along the way the election news gets sold. I've felt this way for a few weeks now and so far I've been wrong!