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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BenSolar   😊 😞
Number: of 12790 
Subject: Re: OT: Contrary Indicator?
Date: 11/29/2024 9:43 PM
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AAII.com publishes their sentiment survey weekly online at: https://www.aaii.com/sentiment-survey . It's a nice source for continuously updated data that seems nicely, inversely, correlated with future stock market returns.

The most recent results hardly scream "blow off top" with 37.1% bullish, slightly below the historic average of 37.5%, 24.3% neutral, and 38.6% bearish, which is well above the long term average of 31% bearish, and is also the highest bearish reading of the last 12 months, though it is not remarkably high.

The last bearish reading to beat today's was 11/2/2023 when it hit 50.3%. Late September 2022 there were two weeks of bearish readings at 60% or better, which is notably high. The S&P 500 has almost doubled since then.

March 2009 hit 70% bearish, the highest reading in their database.
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