After Hitting 3 Year High, AAII Bullish Sentiment Plunges By Most In 2 Years

Tyler Durden's picture

For a stark demonstration of market momentum euphoria look no further than the AAII weekly bullish/neutral/bearish sentiment. After hitting 57.56% in the week ended November 11, the highest since 2007, bullish sentiment plunged by 17.56%, to 40.00%, the biggest drop since January 2009, and the fourth biggest shift in sentiment since 2006. Alas, this is the kind of bipolar sentiment shift that will accompany a market in which everything continues to correlate with near precision to the dollar, and in which no bad news matter until they matter, and from all in buying the mood shifts to relentless selling.