Investor Sentiment Rises For Third Straight Week

Given the sharp rally in stocks over the last week, it should surprise no one that bullish sentiment on the part of individual investors increased for the third straight week.  According to the American Association of Individual Investors (AAII), bullish sentiment rose to 39.77% this week, which is the highest level since late July.  Last week we noted that "sentiment still has a ways to go before breaking its recent string of lower highs and lower lows."  This week was a step in the right direction as bullish sentiment made its first higher high for 2011.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.