The Neutral Market

I have paid less and less attention to sentiment surveys over time, however, this morning’s AAII Sentiment Survey is notable in that nearly half of those surveyed hold a neutral stock market view for the next 6 months:

 

AAII

I don’t care how you slice it, this is an impressive level of apathy. It’s hard to be bearish on equities when so few are bullish and so many are sitting on the sidelines watching a rising market and growing more impatient by the day…