The number of individual investors who have a bullish outlook on the stock market trend for the next six months plunged to 21 percent, from 30 percent last week, according to a widely followed sentiment survey.
What’s more, this is the lowest weekly reading from the American Association of Individual Investors since a March 2009 level of 19 percent, which occurred just before the S&P 500 collapsed to a 12-year low of 676.... Source CNBC
Crash unlikely! SPX hits below 1040 and rebounce. Market oversold. Sellers sold on FEARs and Shortists are squeezed tonight! SPX end of day closes will set the direction next week. I'm neutral.
No comments:
Post a Comment