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Following last week's market declines, this week's rally hasn't been enough to lift investor spirits. The charts below show the spread between bulls and bears based on the weekly surveys from Investors Intelligence and the American Association of Individual Investors (AAII). As shown, neither one is positive. Investors Intelligence shows an equal number of bulls and bears (35.6%), while in the AAII survey, bears (47.1%) outnumber bulls (26.7%).
From http://bespokeinvest.typepad.com/ |
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