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Bears Exceed Bulls by Most in 17 Years, Investor Poll Says

Jan. 10 (Bloomberg) -- The number of individual investors who are bearish on U.S. equities exceeds those who are bullish by the most since November 1990, a signal to some investors that stocks may be poised to rebound.

In the week ended yesterday, about 59 percent of investors polled by the American Association of Individual Investors said they were bearish, expecting stocks to fall over the next six months. That was the highest since October 1990 and almost double the 32 percent average over the past five years.