Uh-Oh: The Last Time Small Investors Were This Heavy Into Stocks...

The latest survey from the AAII shows that investor allocation into stocks has hit a six-month high.

This chart from PragCap has the stocks/bonds/cash breakdown.

chart

Photo: PragCap

Here’s a six-month chart that shows you exactly what’s happened since then. That was basically the highs of the year (technically the highs were a few days earlier, but you get the point).

chart

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