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Need to Know: Investors haven’t been this gloomy for a year — here’s why that’s bullish

Stocks are looking like losers this week, unless traders really whoop it up over today’s jobs report.

It’s not that bleak overall though, as the sad action in the past few days comes after six straight up weeks for the S&P.

Even so, a growing number of investors are pessimistic.

Bearishness among regular folks who invest just climbed to its highest level in more than a year, according to the American Association of Individual Investors.

The AAII survey is often used as a contrarian indicator, meaning traders turn upbeat when its readings get gloomier. The iBankCoin financial blog’s Option Addict and CrackedMarket’s Jani Ziedins are doing exactly that, and together they deliver our bullish call of the day.

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