NEW YORK (TheStreet) -- According to the American Association of Individual Investors, the four-week moving average of bullish investor sentiment is at its lowest level in over a year, yet the S&P 500 (SPY) and the Dow (DIA) remain just a whisker below new 5-year bull market highs.
Here's the chart, shared by Ryan Detrick:
If you wanted a more clear picture of how dumbfounded professional investors are in this environment, look no further than this. Follow me on StockTwits: @chicagosean At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.