imported post
7/22/04
The new AAII Investor Sentiment Survey numbers came out today. These numbers are tabulated with a Wednesday cut off date so I don't know how much of yesterday's (July 21) drop was considered.
Percent of those asked that are Bullish = 36% (down from 47% last week)
Percent of those asked that are Bearish= 24% (same as last week)
If this survey was taken after the close yesterday, I would be worried about the bearish number not being higher. As I've said, we'd like to see that bearish number be closer to 40% for a sign of a bottom. When the Dow was down 100 points again this morning, I'll bet that number jumped to at least 30%.
7/22/04
The new AAII Investor Sentiment Survey numbers came out today. These numbers are tabulated with a Wednesday cut off date so I don't know how much of yesterday's (July 21) drop was considered.
Percent of those asked that are Bullish = 36% (down from 47% last week)
Percent of those asked that are Bearish= 24% (same as last week)
If this survey was taken after the close yesterday, I would be worried about the bearish number not being higher. As I've said, we'd like to see that bearish number be closer to 40% for a sign of a bottom. When the Dow was down 100 points again this morning, I'll bet that number jumped to at least 30%.