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Extreme in investor pessimism could signal a bottom


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| Following a mortgage guru to the dark side ?

July 20, 2006

Extreme in investor pessimism could signal a bottom

Aaron Pressman

Thanks to Charles Kirk's blog this morning, I learned that the weekly sentiment poll by the American Association of Individual Investors has gotten to extremes. Only 23.85% of investors feel bullish, the lowest since April 2005. And a whopping 57.9% feel bearish, the highest since February 2003. Those were both good buying opportunities, especially February 2003 when the S&P traded intraday as low as 806 and finished the year at 1111. The April 2005 low was 1136 and the year-end close was 1248.

12:15 PM

Stocks

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