Advisors Turn Bullish on the Market

Financial advisors have turned decidedly more optimistic about the market’s prospects for 2012, according to an SEI Quick Poll. Nine in 10 of the advisors surveyed in early February, including bank advisors, said they expect a positive return for the S&P 500 in 2012, up 18% from a similar survey conducted in mid-January. More than six in 10, 63%, predicted gains greater than 5%, a sentiment that spread dramatically from just three weeks ago.

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