AAII bullish很低了,不到25% xiaoyaoxl 发表于 2010-7-1 10:28 
那只是表示很多人不看牛,但是熊很少。2009年的噩梦,熊们还记得呢。下面是AAII 25%以下牛的测试,并不bullish。我说话都是有根据地,呵呵。
Typically, the knee-jerk contrarian conclusion would be that this should be bullish for the market. Instead of just guessing, tough, let's go back to the survey's inception in 1987 and look at how the S&P 500 fared going forward whenever the percentage of bulls was at or below 25% and also at least 2 standard deviations below the one-year average.
Date |
1 Week
Later |
2 Weeks
Later |
1 Month
Later |
2 Months
Later |
3 Months
Later |
02/07/90 |
-0.5% |
-1.8% |
1.0% |
2.2% |
0.2% |
09/26/90 |
2.1% |
-1.5% |
2.5% |
3.6% |
8.2% |
07/01/92 |
-0.6% |
1.0% |
2.3% |
0.2% |
1.1% |
09/02/92 |
-0.4% |
0.5% |
0.0% |
0.5% |
2.7% |
06/03/98 |
2.7% |
2.3% |
6.1% |
3.9% |
0.1% |
08/19/98 |
-1.3% |
-9.8% |
-4.8% |
-8.4% |
2.1% |
08/26/98 |
-8.6% |
-7.2% |
-1.7% |
-1.3% |
5.6% |
09/02/98 |
1.6% |
5.6% |
2.7% |
7.8% |
19.8% |
03/23/05 |
0.8% |
1.0% |
-3.0% |
1.1% |
2.9% |
04/13/05 |
-3.1% |
-1.5% |
-0.2% |
1.8% |
1.8% |
01/09/08 |
-2.6% |
-5.0% |
-5.9% |
-5.4% |
-3.0% |
01/16/08 |
-2.5% |
-1.3% |
-0.4% |
-4.7% |
-1.4% |
03/05/08 |
-1.9% |
-2.7% |
2.5% |
3.9% |
4.3% |
03/12/08 |
-0.8% |
2.5% |
3.5% |
6.4% |
5.2% |
|
|
|
|
|
|
Average |
-1.1% |
-1.3% |
0.3% |
0.8% |
3.6% |
% Positive |
29% |
43% |
50% |
71% |
86% | |