Incredibly, the new AAII Investor Sentiment Survey came in with:

42% - bullish
42% - bearish

These are numbers normally seen after a big sell off. Either this (AAII) dumb money is getting smarter, or this rally may still have room to run.

The reason I say they may be getting smarter is because the Investor's Intelligence Advisor Sentiment Survey is currently at:

59% - bullish
22% - bearish

That survey is also used as a contrarian indicator.

Two dumb money indicators and completely different results. Although the AAII survey does move around a lot more while the II survey moves more slowly in one direction or the other.