If twelve straight days of gains in the Nasdaq won't bring out the bulls, what will? While bullish newsletter writers outnumber bearish writers by a slim margin (36.7% vs 35.6%), individual investors remain bearish according to the most recent survey from the American Association of Individual Investors (AAII). According to this week's AAII survey, bears (42.4%) still outnumber the bulls (37.6%) even after the broader averages have gained over 10% since July 10th.
I guess we will see how it all turns out...
Posted by: Vintage Filings | July 23, 2009 at 01:03 PM