The AAII Bull Bear Spread Reaches 44 Months High

The AAII bull bear spread reached 29.6% on October 28, the highest that has been recorded since 2/22/07 when the spread topped at 31.5%.  The following graph shows the AAII weekly bull bear spread and its 8-week moving average. From the contrarian point of view,  that does not bode well for the general market.

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