Thoughts and observations for those investing on their own or contemplating doing it themselves.
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Thursday, April 7, 2011
AAII Less Bullish
According to the Bullish Sentiment indicator of the American Association of Individual Investors (AAII), 45.3% of respondents were bullish 12 months ago. That compares to an historical average of 39%. The S&P 500 rose a bit more than 14% over the past 12 months.
Today AAII's Bullish Sentiment indicator stands at 36.0%, below the historical average but about 6% above the percent of respondents who are bearish. That leaves approximately 34% in the neutral camp.
What are you at this juncture - bullish or bearish?
Posted by Robert Wasilewski at 7:56 AM
Labels: AAII, DIY investing, market timing
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I'm in the bearish camp based on somewhat high valuations and the potential for rising interest rates...however, I don't change my strategy based on what I think might happen in the near term. I'm staying the course.ReplyDelete
@Chad I agree 100%. There are a lot of things out there to worry about but the market tends to climb (as they say) a "wall of worry". Make adjustments at the margin but stay with the overall plan.ReplyDelete
If it goes down, I'll be an accumulator. If it goes up, I'll rebalance!ReplyDelete
@MoneyCone Great strategy for the long term!ReplyDelete