🐂📈Kirk Lindstrom's Investor Bull/Bear Sentiment Charts for 11/2/23 📉🐻
Bob Brinker was the first radio host I knew who spoke of applying contrarian theory to investor sentiment. There is an old Wall Street adage, "Buy when there is blood in the streets" but Brinker gets kudos for bringing this theory to the small, individual investor.
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11/2/23 Notes:
- There is a large divergence between professional newsletter writers (II) and individual investors (AAII) sentiment.
- II is "neutral" but its decline is large enough to support another rally.
- AAII below negative 20% is bullish for contrarians
Graphs below best viewed in full screen mode.
II Bulls and Bears Sentiment Graphs
AAII Bulls and Bears Sentiment Graphs: The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months.
These charts are covered on page 6 of my newsletter with updates during the year for what the different types of sentiment charts mean to me. This is an easy place to give my subscribers updates of charts too numerous to add each month I cover.
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