Wall of Worry alive and well

Seasonality can be tricky between August and October, but Individual investor sentiment courtesy of the American Association of Individual Investors (AAII) shows that the "Wall of Worry" is alive and well. The spread between AAII Bullish Sentiment and AAII Bearish Sentiment dropped to -16.3 (more Bears than Bulls) even as the S&P 500, its advance-decline line, and its advance-decline volume line all hit new highs yesterday (8/13).