Thursday, November 18, 2010

AAII Bullish Sentiment Drops Sharply

Here's a good chart of the AAII bullish sentiment, you can see the sharp drop between last week and this week.

This does not hurt my bearish thesis at all. You'll notice that in October 2007 and May 2008, AAII bullish sentiment reached delusional extremes and then dropped sharply as punishing crashes began.

Look out below!

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