Sixty-five percent of equities and 58% of options traders believe the S&P 500 Index will rise between 5% and 20% in 2010, according to a survey of 240 investors by online broker TradeKing. Many said they are more confident about the stock market now that the Obama administration has shifted its focus from healthcare reform to job creation.

While 50% of respondents described themselves as taking a “neutral” position on the market for the next three months, those who described themselves as “bears” plunged from 36% a year ago to a mere 20%--the lowest reading since October 2007.

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