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AAII Bullish Sentiment Jumps

Given the lack of enthusiasm on the part of individual investors towards the market over the last couple of years, one would think that Hurricane Sandy's impact on sentiment would be negative.  Not so.  According to the American Association of Individual Investors (AAII), bullish sentiment rose from 29.25% up to 35.74% this week for a gain of 6.49 percentage points.  This represents the largest weekly increase since June 14th.  

While the increase in bullish sentiment was large for a one-week period, as it stands now, bullish sentiment is still well below its historical average of 38.9% going back to 1987 and 38.3% since the start of the bull market in March 2009.

Bespoke 50

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