Thursday, July 15, 2010

Any way the wind blows

No, not a John Kerry attack ad or end of Queen's Bohemian Rhapsody. It refers to the fickle nature of retail investors these days. To wit:

This week's AAII Sentiment Survey Results:
  • Bullish: 39.4%, up 18.4 percentage points
  • Neutral: 22.8% up 0.8 percentage points
  • Bearish: 37.8%, down 19.3 percentage points
Can you say, "flip-eroo?"
Can you say, "useless sentiment data?"

Sure you can.


Jim said...

Mike -
contrary indicator?

Quick Takes Pro said...

It is supposed to be but not week to week! Watch them run for the hills if July lows are taken out. And then people will say that it is bullish that 70% of retail is scared to death.