Last Thursdays reading of the AAII poll showed the lowest bullish reading on history.  Just 7 days later the reading is up 46% to 27.6 – still a low reading, but an enormous one week move.

Psychology is perhaps the most important thing to understand when investing in any market.  This is still a very low historical reading, but as more and more investors move onto our side of the ship we will slowly be moving  to a more neutral position.