Incredibly, the new AAII Investor Sentiment Survey came in with:
42% - bullish
42% - bearish
These are numbers normally seen after a big sell off. Either this (AAII) dumb money is getting smarter, or this rally may still have room to run.
The reason I say they may be getting smarter is because the Investor's Intelligence Advisor Sentiment Survey is currently at:
59% - bullish
22% - bearish
That survey is also used as a contrarian indicator.
Two dumb money indicators and completely different results. Although the AAII survey does move around a lot more while the II survey moves more slowly in one direction or the other.
42% - bullish
42% - bearish
These are numbers normally seen after a big sell off. Either this (AAII) dumb money is getting smarter, or this rally may still have room to run.
The reason I say they may be getting smarter is because the Investor's Intelligence Advisor Sentiment Survey is currently at:
59% - bullish
22% - bearish
That survey is also used as a contrarian indicator.
Two dumb money indicators and completely different results. Although the AAII survey does move around a lot more while the II survey moves more slowly in one direction or the other.
