Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

AAII survey versus the market

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The American Association of Individual Investors has been surveying its members for decades, and when its findings move to an extreme level they are an interesting study.

Right now their survey is registering high “bearish” levels. Two views of thought: 1) individuals are still sitting on cash, the fuel to propel stocks even higher, and 2) individuals (who are savvy enough to join the AAII) are content with what they now own and are just holding their market exposure instead of actually “bearish/afraid.”

As always, such secondary sentiment indicators should take a back seat to your study of what really matters: prices.

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Written by heyercapital

May 4, 2007 at 3:17 pm

Posted in Business/Econ

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