My colleague, Schaeffer's Quantitative Analyst Chris Prybal, noted recently that the percentage of bullish respondents in a weekly sentiment poll by the American Association of Individual Investors (AAII) has been below 50% for the past two years, or 104 straight weeks. We have data from this poll going back to 1987, and this is just the second time we've seen a streak like this. The last streak lasted from January 1993 until early 1995. Stocks were remarkable following this period, so it made me curious to compare that streak to the current streak, and to see if there's anything to streaks like this in general.
SCHAEFFER'S PARTNER CENTER
Visit Schaeffer’s Broker Center today to open your account and gain access to exclusive offers from top brokers.
Dow Jones Industrial Average Makes It 8 Straight Losses
Trading the Final Stretch of the Stock Market's Most Bullish Six Months
Indicator of the Week: What to Make of the Lowest VIX Ever
Indicator of the Week: What the First 50 Days Mean for Stocks