Independent registered investment advisor optimism has increased significantly since July 2010, according to Charles Schwab’s latest survey, which was released Monday.
Seventy-seven percent of the more than 1,3000 advisors surveyed, who collectively represent $284 billion in assets, expect the Standar & Poor’s 500 Composite Index to rise in the next six months, up from 63% in the previous survey in July. Reflecting this optimism, 56% of those surveyed say they are bullish while only 10% are bearish when it comes to stock market performance over the next six months.
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