One would think that with equities testing their “Ebola lows” back in October 2014, investors would be battening down the hatches, but that wasn’t entirely the case this week. According to the weekly survey from the American Association of Individual Investors (AAII), bullish sentiment increased from last week’s depressed reading of 17.9% up to 21.52%. Even at that level, though, sentiment remains extremely bearish.
Regarding the uptick in bullish sentiment, it’s also not as though these new bulls came from the bearish camp. In fact, bearish sentiment also saw a comparable increase this week, rising from 45.53% up to 48.71%. That’s the highest weekly reading since April 2013 and before that in November 2012.