our sentiment piece showing the American Association of Individual Investors (AAII) Asset Allocation and Bullish Sentiment surveys. As the attached chart shows investors are under allocated to stocks presently just as they were at the 1987, 1990 and 2002 lows.

AAII Asset Allocation Survey

As seen below investor
allocation to stocks is 18.00 %
below its’ 21-yr. mean level of
60.00 % suggesting there is an
enormous amount of selling
pressure removed from the
market as well as an aggressive
buildup of sideline cash.

posted by Peter Greene