AAII Investor Sentiment (20th Oct. 2016)
Bullish sentiment, expectations that stock prices will rise over the next six months, fell last week 3.3 percentage points to 25.5%. This week, that gauge fell more than 1.7% to reach only 23.7%.
The drop of ca. 1.7% puts optimism below its historical average of 38.5% for the 50th consecutive week and the 83rd out of the past 85 weeks! In this respect we should also be reminded that bull markets USUALLY (!) don't end in such a pessimistic environment...