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Message: AAII Sentiment

Bulls up 9.4 to 39.8, bears down 8.1 to 30.1. Ordinarily, this is a negative development for the markets, but the timing of the survey is problematic. For the most part, yesterday's plunge would not be factored in. The survey is done daily, but totalled weekly. But it does show how good a contrarian indicator this is. As soon as small investors become bullish, the market tanks. That said, sentiment is currently around historical averages, so not a lot of guidance for the week.

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