As of 9/12/2007, the AAII members are:
- Bullish: 40.00%
- Neutral: 24.71%
- Bearish: 35.29%
This chart shows the 52-week moving average of the AAII bull/bear index (American Association of Individual Investors). 52 weeks removes seasonality from the number and gives startling results.
I explain what these indicators mean to me in my newsletter. I post them here to share for all to read and make comments. Request Invitation to facebook discussion group where we have a "Sentiment" topic to discuss the weekly data.