Doesn't mean it can't go lower, but this is pretty darn low.
AAII
AAII values in the gutter...
Started by
dcengr
, Jan 10 2008 07:54 AM
2 replies to this topic
#1
dcengr
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Posted 10 January 2008 - 07:54 AM
Qui custodiet ipsos custodes?
#2
OEXCHAOS
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Mark S. Young
Posted 10 January 2008 - 08:06 AM
Yup. I was just writing about that.
II is still stubbornly Bulled up, BUT, Hulbert (who ostensibly measures the same type of sentiment) shows his advisors going net short which puts a floor under the market or marks a good low about 80-85% of the time.
Mark
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#3
qqqqtrdr
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Posted 10 January 2008 - 09:18 AM
Percentage wise seem to favor the bulls. Back in mid 1990 AAII sentiment was this bearish there was a couple day rally, and the market sold off more, and finally hit a bottom when bearish sentiment was over 65%. Needless to say, one cannot say it has never gone lower on such an extreme reading.
Barry
