{"id":136857,"date":"2010-01-04T16:12:00","date_gmt":"2010-01-04T21:12:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/aaii-bullish-sentiment-hits-1-year-high-2010-1"},"modified":"2010-01-04T16:12:00","modified_gmt":"2010-01-04T21:12:00","slug":"aaii-citi-is-wrong-investor-bullishness-just-hit-a-two-year-high","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/136857","title":{"rendered":"AAII: Citi Is Wrong, Investor Bullishness Just Hit A Two-Year High"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b4255df0000000000787481&amp;maxX=400\" border=\"0\" alt=\"bullratio\" width=\"400\" \/><\/p>\n<\/p>\n<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Bullish sentiment has hit almost a two-year high according to a sentiment survey from the <a href=\"http:\/\/www.aaii.com\/\">American Association of Individual Investors.<\/a> (shown to the right)<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.ritholtz.com\/blog\/2010\/01\/record-bullish-ratio\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29\">The Big Picture:<\/a> If you take this together with the fact that the Investors Intelligence (II) Bull\/Bear Ratio has also hit its 2007 peak (see Bullishness at Record Levels), some might say that bullish sentiment has reached a contrarian extreme.<\/p>\n<p>What&#8217;s odd here is that this AAII sentiment metric appears at odds with many other measures in the market, such as fund flow data based on mutual funds and certain proprietary sentiment models such as those from Citi&#8217;s Tobias Levkovich (shown below, note how sentiment in blue seems to be at the lower end of the range).<\/p>\n<p>Perhaps the difference is due to the fact that many un\/under-invested investors have suddenly become  bullish, thus have yet to invest based on their newly bullish beliefs. Or it could be giant global conspiracy. Either way, it&#8217;d be interesting to know what <em>exactly<\/em> causes the disconnect&#8230;<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b42588e000000000096cd01\" border=\"0\" alt=\"citisent\" width=\"550\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/aaii-bullish-sentiment-hits-1-year-high-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/citi-stock-sentiment-collapses-2009-12\">Citi: Stock Sentiment Collapsing Even As Markets Rise<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/consumer-sentiment-comes-in-slightly-below-expecations-2009-12\">WEAK: Consumer Sentiment Misses Again<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/citi-sentiment-model-slips-into-panic-mode-2009-9\">Citi: Sentiment Slips Into Panic Mode<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/yZMmTdRoaN4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bullish sentiment has hit almost a two-year high according to a sentiment survey from the American Association of Individual Investors. (shown to the right) The Big Picture: If you take this together with the fact that the Investors Intelligence (II) Bull\/Bear Ratio has also hit its 2007 peak (see Bullishness at Record Levels), some might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-136857","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/136857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=136857"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/136857\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=136857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=136857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=136857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}