Several recent releases of various investor sentiment reports show an improvement in overall investor sentiment. In late December, I noted a number of the sentiment measures were indicating extreme fear on the part of investors. Since my December post, both sentiment and the equity market have experienced a marked improvement. One example is this week's release of the AAII Sentiment Survey. Individual investor bullish sentiment improved 8.1 percentage points week over week to 39.9%. In mid-December, the bullish sentiment fell to 20.9%. Although the bullish sentiment level of 39.9% is an improved level, it