Bearish Persistence on the AAII Survey

Despite the all time high this week on the Dow Jones Industrial Average, bearish sentiment actually rose 1.9% on the AAII Sentiment Survey to 38.5%, a full 8% above the long term average.

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Bearish individual investors seem impervious to the new highs or the most recent 14.6% rally from $SPX 1353 on 11/15.

Extraordinary persistence.