According to the latest weekly poll by the American Association of Individual Investors, right now, individual investors are less bullish than they've been in all of 2011. Individual investors were this scared twice in 2009 and twice in 2010. Each time, the market "popped" up right after.
Also, according to Jason Goepfert ofwww.SentimenTrader.com, "Newsletter writers looking for a short-term correction have jumped to a nearly 25-year high." Jason looked back to the five other instances similar to this one. He found their correction fears were unfounded. "There was never really any correction at all."
Finally, Jason just reported that "confidence among investment managers" has dropped near a five-year low. He showed how stocks have typically done well over the following three months when that's happened.
So individual investors are not bullish. Newsletter writers are expecting a correction. And investment managers don't have confidence. Everyone is scared. BUY BUY BUY!
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