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?
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