Investor pessimism about U.S. stocks near record levels: survey

Odaily News A survey by the American Association of Individual Investors showed that bearish sentiment on U.S. stocks exceeded 50% for the fifth consecutive week. According to Bespoke Investment Group, this is the second longest consecutive bearish record since the survey began in 1987. Earlier this week, data from Goldman Sachs showed that hedge funds' net selling of U.S. stocks reached the highest level in seven weeks, with short selling exceeding long buying. (Jinshi)