Posted by Joseph Y. Calhoun, III

The weekly American Association of Individual Investors poll is out:

Bullish    28%

Bearish    48.8%

Neutral    23.2%

The bullish numbers were nearly 40% just three weeks ago so this is a significant decline in a short period of time. The last time the bullish numbers were this low was near the March lows. As a contrarian, I take this as positive news.