FYI: It looks as though all of this volatility is getting to investors' nerves and causing them to be a little more risk averse. In the latest weekly survey of investor sentiment from the American Association of Individual Investors (AAII), bullish sentiment declined by 6.28 percentage points, falling from 45.02% down to 38.74%. In spite of the large decline in bullish sentiment, though, bullish sentiment remained marginally above its bull market average of 38.31%. This marked the 11th straight week of above average bullish sentiment, which is the longest streak since February 2013. As you can see in the chart below, bullish sentiment has seen a big drop from its recent high of 57.93% from mid-November. That being said, the trend of higher highs and higher lows remains intact.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/19/bullish-sentiment-declines.html?printerFriendly=trueAAII Website:
http://www.aaii.com/sentimentsurvey
