Santa Claus Rally Buoys Investor Sentiment
by CI Staff
The market continued its late-year run, driving market indexes such as the S&P 500 near two-year highs. The S&P 500 has now gone seven consecutive weeks without a loss, which, in turn, has fueled investor optimism. In fact, bullishness among AAII members reached a high for 2010 on December 23, 2010, at 63.3%, which was also the highest reading since 2004. In addition, the spread between bullish and bearish sentiment has been above 20% for the last seven weeks and also reached its 2010 maximum on December 23, 2010, at 46.9%.
Results as of January 6, 2011:
Bullish: 55.9%
Neutral: 25.9%
Bearish: 18.3%
To participate in the AAII Sentiment Survey, or to view historical survey results, click on the link below:
http://www.aaii.com/sentimentsurvey
Long-Term Average and Extreme Values
Bullish:
Average: 39.0%, Max: 75.0% (1/6/2000), Min: 12.0% (11/16/1990)
Neutral:
Average: 30.7%, Max: 62.0% (6/3/1988), Min: 7.7% (10/9/2008)
Bearish:
Average: 30.3%, Max: 70.3% (3/5/2009), Min: 6.0% (8/21/1987)
Discussion
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