Record Bullish Ratio
By Michael Panzner - January 4th, 2010, 3:23PM
Who said the small investor isn’t optimistic about stocks?
The American Association of Individual Investors (AAII) Bullish Ratio [Bulls / (Bulls + Bears)] hits its highest level since February 2007.
If you take this together with the fact that the Investors Intelligence (II) Bull/Bear Ratio has also hit its 2007 peak (see Bullishness at Record Levels), some might say that bullish sentiment has reached a contrarian extreme.
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January 4th, 2010 at 3:31 pm
The coming leg down (it would be unfair and dishonest to call it a correction off the recent highs) will be brutal. And, sadly, once again, no one could have seen it coming.
January 4th, 2010 at 3:38 pm
More room to run.
This has been the most hated and inconvincing rally (to many – especially Mr. and Ms. Main Street) since it began!
How about Art Cash In (Cash In – what a name!) on cnbc?
He’s always telling Haynes that the “Punch Is Tainted!”. I love him though. Becoming a cult figure with his Cutty Sark – or is it J and B?
Anybody that dumped last winter or early spring missed out big time.
HEY BARRY! When is Byron 2010 predictions coming out?
I Fish (not now…it’s too cold!)
January 4th, 2010 at 3:53 pm
MA, it may be brutal,
but team Obama has plans:
“One also has to wonder if and when the government will begin to more aggressively manage the access of private citizens to their 401K’s and IRA’s and other forms of savings. Or is it just sufficient to manage the things that one might hold in them. Hard to say.”
http://jessescrossroadscafe.blogspot.com/2010/01/is-us-goverment-preparing-lifeboats-for.html
January 4th, 2010 at 4:00 pm
ifish,
“This has been the most hated and inconvincing rally (to many – especially Mr. and Ms. Main Street) since it began!”
On what metric is this assertion founded? On the I-feel-it-in-my-guts metric?
Or are you just making fun of Barry, because he made the same assertion a few months ago?
Perhaps, it’s just a trick statement and “since it began” is also the start of the time period to which the rally is compared. Since this rally began, there has been only one rally. Logically, it’s the most hated one, since then. And the most loved one as well.
rc
January 4th, 2010 at 4:10 pm
ifish is fishing all right- trolling for whoever takes the bait
January 4th, 2010 at 9:45 pm
Lickle fish “ifish” is not fit to rock even the little I…
Enuff fi mek de real I come outta hiber-nay-shan.
Feels like even permabears are squeamish and timid in this tape, BR. I-Man is short, verily so, and a bit sick to the stomach-ly so today… but short nonetheless.
January 4th, 2010 at 10:23 pm
Personally I feel the market will be treading lowerfor a number of years due to what some call the great dilution. Many companies are stuffed to their gills in debt. I do not foresee bank willingness to roll this debt leaving only one option – dilution – to pay it down.
January 4th, 2010 at 10:52 pm
barry, I don’t get it, in this thread, everybody is bullish, then why the previous post with record
bond inflows ??
one of these are wrong, but which one ??
~~~
BR: Comments are anecdotal; AAII is a more comprehensive survey
January 5th, 2010 at 9:33 am
[...] circa 25% in cash. Update on the bull/bear ratio (chart): http://www.ritholtz.com/blog/2010/01/record-bullish-ratio/ An interesting article comparing the financial stocks today with the technology [...]
January 5th, 2010 at 12:51 pm
[...] bullish equity sentiment reached an extreme? (Big Picture also Behind the [...]