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AAII Bullish Sentiment Approaches 50%

Investors sure picked a bad time to turn increasingly bullish this week.  According to the weekly sentiment survey from the American Association of Individual Investors (AAII), bullish sentiment increased by more than ten percentage points rising from 38.49% to 48.97%.  This is the largest weekly increase since 3/14, and it represents the highest weekly reading since 1/24.