Individual Investor Sentiment Drops

Individual investor bullishness saw its largest weekly drop since early April this week as concerns in Europe and our own economy continue to weigh on sentiment.  According to the American Association of Individual Investors (AAII), bullish sentiment dropped from 32.89% to 28.7% for a drop of 4.19 percentage points.  In recent weeks, sentiment has been bouncing around within an increasingly tight range, so it's only a matter of time before it breaks out in either direction.  However, with earnings season right around the corner, and more companies issuing earnings warnings, there is not much for investors to get excited about these days.

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