Bulls reach lowest since Mar ’09 according to AAII

In the always fickle AAII measurement of stock market sentiment of individual investors, today’s Bull reading at 20.7 is down from 30.1 last week and is at the lowest level since March ’09 when it got as low as 18.9 when the S&P’s were below 700. Bears rose 7 pts on the week to 49.5 but still remain below the recent high in July at 57.1. The March ’09 high in Bears hit 70.3.

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