Bearish Sentiment Spikes To 1-Year Highs (But It’s Not What You Think)

zerohedge.com / by Tyler Durden / Mar 9, 2017 5:05 PM

“Bearish” sentiment, according to the American Institute of Individual Investors (AAII), is spiking here, but as BMO’s Brad Wishak notes, “it’s not what you think.”

This is interesting, Wishak notes, because bearish readings typically spike at market lows (for example the highest reading ever was 71% bears at the ’09 low) and hence this is typically used as a contrary indicator.

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Read more ... source: The Bitcoin Channel

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