The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months; individuals are polled from the ranks of the AAII membership on a weekly basis. Only one vote per member is accepted in each weekly voting period.

Some how or rather this data makes me wonder if the survey is skewed because a few people are managing a larger portion of the money. they may be bullish while more are bearish.

AAII Sentiment Survey Still Show Extreme Bearishness bullishsentimentcollapseapr11

Definitely not something to use to make a decision upon, considering the sentiments did reach a rather overly bearish proportion in 2008. Still its fascinating.

I think the take away is the market for the next 6 months. So its not like people are factoring a 10-20% correction and ending up higher.

People are thinking it will end up lower.

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