Saturday, July 21, 2012

Bullish Investor Sentiment Declines

Last week bullish investor sentiment declined to 40% from the prior week's sentiment level of 47.44%. The decline in bullish investor sentiment nearly matched the increase in bearish sentiment. The bearish sentiment reading came in at 34.74% versus last week's 26.92%. The result of these sentiment changes is the bull/bear spread fell to 5% from last week's spread of 21%. Since the release of the sentiment data by the American Association of Individual Investors, the S&P 500 Index has declined 4.1% to 1,91.76.

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