The Week Ahead: Are Wall Street Pros Too Negative?

As I discussed last Thursday, the AAII ?bullish percentage jumped from 30.89% to 39.81% last week, while the number of bears dropped sharply from 38.23% to 26.96%.? I pointed out that ?the reversal in sentiment is consistent with a rebound in a downtrend and not the resumption of the major uptrend.? Sentiment can be difficult to measure as the data from AAII on the individual investor is used as a contrary indicator. I typically look for extreme low bullish % and high bearish % readings to help ...