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New Low For the Year in Bullish Sentiment

This week's survey of sentiment from the American Association of Individual Investors (AAII) showed that individual investors are less bullish now than they have been at any other point since Ben Bernanke's now famous Jackson Hole speech in late August of last year.  Unlike prior corrections in the market, where sentiment typically follows price, in the most recent pullback individual investor sentiment has clearly led prices lower.

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