Individual Investors Not as Bullish As the Pros

In the last few days, we have noted how short interest is at multi-year lows and newsletter writers are more bullish than at any other time since the start of 2008.  While the so-called pros are bullish, individual investors apparently need more convincing.  According to this week's survey of the American Association of the Individual Investors (AAII), only 1/3 of investors surveyed are currently bullish, while nearly half (49%) are bearish.  Based on these surveys at least, not everyone is bullish.