Chart of the Day: Where Have The Bulls Gone?

In the latest sentiment survey from the American Association of Individual Investors (AAII), bullish sentiment dropped below 30% (26.7%) for the first time since August 2010 when the QE2 rally began.  Even though the S&P 500 remains near its highs of the bull market, nearly all the bullish sentiment that was built up during the rally has now been given back. –Bespoke Investment Group Source: Bespoke Investment Group What’s Next for the Dow? 12,000 or 13,000? 12,000 13,000 No Clue    Free polls from Pollhost.com

Where do we stand? A look at Bullish Sentiment & Bull Markets

According to Bespoke Invest, The S&P 500 is currently on pace to close at a new bull market high for the first time since February 18th.  With this milestone, the bull market will officially make it to the two-year mark (the last closing high on 2/18 was two and a half weeks shy of the two-year mark). In the chart below we compare the current bull market to the 25 prior S&P 500 bull markets since 1928.  With a gain of about 99% in a little more than two years (778 days), the current bull market ranks right near the middle in terms of … Read more