Investors seem to have gotten over their jitters—fast. Bullish sentiment has rebounded sharply in the latest week, returning back above its long-term historical average for the ninth time of the past 10 weeks and nearing “unusually high” levels. According to the AAII Investor Sentiment Survey, 48.5% of polled investors said they were bullish on the market, meaning they expect prices to be higher in six months. That’s a jump of 11.5 percentage points from the previous survey, conducted last week, which had bullish sentiment at a two-month low and making a rare appearance below its long-term average of 38.5%. “This week’s jump puts bullish sentiment at the top of its typical historical range,” AAII wrote in a release announcing the survey’s results, adding that the dividing line “between typical and unusually high readings is 48.6%.” Thus far this year, bullish sentiment has averaged readings of 48.3%. Bearish sentiment took a plunge in the latest week, dropping 13.6 percentage points to 21.4%, solidly below its historical average of 30.5%. It has been below that average in nine of the past 10 weeks, according to AAII.via