AAII Survey Shows Retail Investors Getting Scared

Monday, 11 Aug 2014 08:48 AM

By Dan Weil

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With the S&P 500 down the past few weeks, it probably won't surprise you to learn that individual investors are growing worried.

The American Association of Individual Investors survey of its members for the week ended Aug. 6 shows that 38.2 percent of them have a bearish view of the stock market for the next six months. That's the highest level since last Aug. 22 and is up from 31.1 percent a week ago.

A total of 30.9 percent of investors are bullish for stocks in the next six months.

Editor’s Note:
Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now


"The spike in pessimism follows the S&P 500's worst week in nearly two years and suggests some investors believe the market's upward momentum is being interrupted," Charles Rotblut, vice president of the association said in a statement.

"Also playing a role in the backdrop are concerns about prevailing valuations, heightened geopolitical tensions, slow economic growth and frustration with Washington politics."

Meanwhile, a survey from Investors Intelligence obtained indicates that 50.6 percent of investors are bullish, down from 62.6 percent in mid-June, while only 17.1 percent are bearish, CNBC reports.

But Piper Jaffray technical analyst Craig Johnson, who correctly forecast the stock rally of the last two years, thinks the good times will keep rolling. "These selloffs burn themselves out," he tells MarketWatch, speaking of the recent correction. "The secular bull market is just starting."

The bull market began in 2009, and if it resembles the ones of the 1950s and 1980s, it could last until 2023, Johnson notes.

Editor’s Note: Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now

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