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While the Investors Intelligence survey earlier this week showed that advisors were more bearish than at any other time since March 2009, individual investors are not quite as apocalyptic. In this week's survey of sentiment from the American Association of Individual Investors (AAII), bullish sentiment rose from 32.51% to 35.24%.

While this is the highest level in a month, sentiment still has a ways to go before breaking its recent string of lower highs and lower lows.

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