So what's the sentiment in the market among investors given the Fed's long awaited recent interest rate hike? Well, according to the latest American Association of Individual Investors survey, it's not so cheerful. Apparently, only 24 percent consider themselves bulls, only the 10th time since the bull market started in 2009 that percentage has dropped below 25 percent, according to the latest issue of Barron's.
Some will say it's a good contrarian indicator. Maybe and maybe not.
The Standard & Poor's 500 has gained 7.9% on average during the six months after a sour survey, only slightly better than all six month periods, Barron's noted, quoting data from an investment group. This suggests that during this bull market, at least, individual investors have not been the 'Wrong Way' Corrigans that they have the reputation for being.
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