Are investors losing confidence in this stock market? According to the latest survey from the American Association of Individual Investors, only 27 percent of investors currently describe themselves as bullish, meaning they expect stocks to rise over the next six months. That's the lowest that figure has been since August of 2010.
Meanwhile, 41 percent of investors describe themselves as bearish. That figure is the highest it's been since September 2010. The remaining 32 percent of investors are neutral.
What's even more striking than the changes that have taken place over the past year are the comparisons to the historical norm. Over the course of the history of this survey, 39 percent of the investors have called themselves bullish, or 12 percentage points above where we are now. Similarly, only 30 percent of investors have historically considered themselves bearish, or 11 percentage points below the current figure.
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