Bearish investor sentiment at 3rd lowest read in 8 years

|By:, SA News Editor

Bears vanish in the AAII Investor Sentiment Survey, falling 7.3 points to just 17.6% in the week ending October 23. The last time it was this low was in early January 2012, not the worst time in the world to buy.

Bulls were 2.9 points higher to 49.2%.

At the August low (and when the 10-year Treasury rate was 50 basis points higher), bears were at 42.9%, bulls at 29%.

Total market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.