The percentage of individual investors who described their short-term outlook for stocks as "neutral" is above 40% for the first time in almost two months. The latest AAII Sentiment Survey also shows a big drop in optimism and a rise in pessimism.
Bullish sentiment, expectations that stock prices will rise over the next six months, plunged 8.5 percentage points to 28.4%. The drop keeps optimism below its historical average of 38.5% for the 10th consecutive week and the 11th time in 13 weeks.
Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, rose 3.8 percentage points to 41.4%. Neutral sentiment was last higher on 14th March 14 2018 (41.8%). This is the 11th consecutive week with a neutral sentiment reading above the historical average of 31.0%.
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Test yourself, if you are able to a "real Contrarian"...