Bullish Sentiment Rebounds

By Bespoke Investment Group  AUG 29, 2013 1:50 PM

That said, only one-third of investors appear bullish.

 


In spite of the increased volatility in the equity markets, bullish sentiment actually saw a modest bounce this week.  After dropping below 29% last week, bullish sentiment rebounded to 33.5%. With this week's sharp declines in the major US averages and heightened geo-political tensions, one would have expected sentiment to head south.  

That being said, even after the increase this week, only a third of individual investors are bullish.



With bullish sentiment rising, bearish sentiment plummeted from 42.86% down to 30.75%. That ended a streak of six consecutive weeks where bearish sentiment increased. While individual investor sentiment is often considered a contrarian indicator, this time around at least, individuals were pretty prescient in turning more bearish over the last six weeks.



This article was originally published by Bespoke Investment Group.
No positions in stocks mentioned.