This week's survey of investor sentiment by the American Association of Individual Investors (AAII) showed that investors are now at their most bearish levels in the history of the survey. As shown, 70.27% of respondents to the weekly survey (which didn't include today's 4% decline) are currently in the bearish camp.
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We are close to a temporary bottom in late March, followed by a a correction and sideway consolidation over the next few quarters, leading to the next deep plunge to far deeper lows in 2010.
Posted by: FXoffshore | March 08, 2009 at 03:38 AM