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Bullish Sentiment Drops Back Below 50%

Well that didn't last long.  After topping 50% for the first time since February, bullish sentiment dropped back below 50% last week.  According to the weekly survey from the American Association of Individual Investors (AAII), bullish sentiment dropped from 52.34% down to 48.04%.  In spite of the drop, though, bullish sentiment is still high enough to rank as the third highest weekly reading in the last year.