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Running of the Bulls...Into Hibernation

The S&P 500 is down less than 3% from its recent closing high, but based on the latest sentiment figures from the American Association of Individual Investors (AAII), you would think we are already in correction territory.  In the latest week, bullish sentiment declined from 26.7% to 25.6%.  This is the lowest level since August 2010, and a far cry from the 50%+ levels we saw as recently as February.  If you fancy yourself a contrarian, you've got to be bullish right now.

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Reader Comments (2)

Free ride is over:

American Association of Individual Investors (AAII) – The Numbers Behind The Non-Profit


May 26, 2011 | Unregistered CommenterSteve Shandar

The "sell in May and stay away crowd" may well be bitterly disappointed this summer given that the state of U.S. and European economic situations could facilitate any number of "black swan" events that could move the markets. A good trader ANTICIPATES future events and positions himself to profit whether the market moves up, down or sideways, there are always profitable sectors to exploit.

Examples: Precious metals could well rebound on further DEBT problems in Europe, or the U.S. for that matter given the unresolved debt ceiling BUDGET trimming needed scaring investors into the safety of REAL MONEY instead of paper promises that are little more than I.O.U's!

2) Wet weather delaying corn planting in key producing states could mean a shortage and therefore higher prices, the key is being aware of world events and situations to identify the most profitable investments.

May 29, 2011 | Unregistered CommenterMyron Martin

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