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The ratio of bulls drops again in the AAII Investor Sentiment Survey, off 3.5 points to 27.6%,...
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Thursday, April 26, 2012, 8:17 AM ETThe ratio of bulls drops again in the AAII Investor Sentiment Survey, off 3.5 points to 27.6%, well underneath the long-term average of 39%. The bearish camp increases 3.6 points to 37.4%. Bullish sentiment peaked out around 51% in early February, and has been declining since.
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Buy in May and make some hay.
The forty year gap between the lows and the ten year recovery period are due to each generation's spending following their predictable life cycle. When Harry Dent wrote "The Great Boom Ahead" he pretty much spelled it all out. Unfortunately, he was discredited by his later books, probably ghost written, which were designed to keep him on the speaking circuit, with their ridiculous prognostications.