AAII Investor Sentiment for the week ending March 9, 2011 showed little change over the prior report. Those with a bullish outlook over the next six months fell to 36.0% versus 36.8% the prior week and below the historic level of 39.0%. Those with a bearish outlook fell to 32.3% versus 33.1% in the prior week and above the historic level of 30.0%. This report has correlated very well with the SPX and implies a move down in equities in the near term. The question now becomes though is this yet another correlation that has broken down?
Submitted by Macro Story. If you wish to read more, please visit - MacroStory.com