According to the American Association of Individual Investors, the four-week moving average of bullish investor sentiment is at it’s lowest level in over a year, yet the S&P 500 and the Dow remain just a whisker below new 5-year bull market highs?
Here’s the chart, shared by Ryan Detrick:
AAII bulls 4-week MA lowest level in a year. Guess they had a lot of momo names in their portfolio. http://stks.co/h0amW
— Ryan Detrick (@RyanDetrick) May. 8 at 09:52 AM
If you wanted a more clearer picture of how dumbfounded professional investors are in this environment, look no further than this.
Follow me on StockTwits: @chicagosean
Tickers: $SPY $DIAblog comments powered by Disqus
StockTwits® is the world's largest social network for investors and traders. Anyone can share ideas about their favorite stocks or follow what others are saying in real-time. The quickest way to get started is to join right now and make sure you sign-up for our FREE email list.