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