Bespoke has a nice chart today of the AAII sentiment poll, which indicates that retail investors rapidly became very bearish, even though the last correction has been very shallow.
Source: Bespoke Investments (click to enlarge)
By the way, our own poll on investor risk appetite shows the same thing.
Source: Dorsey, Wright Money Management (click to enlarge)
Retail investors aren’t always wrong, but if you have to bet, that’s the way to play it.
