A survey of 1,000 investors by Corporate Insight found that eight out of 10 expect the stock market to rise within the next 12 months, reporting an average rise of 7.2%.
“In addition to asking investors a series of questions related to their online experiences with their brokerage firms, we also wanted to find out their opinions on where they think the market is going over the next year,” said Peter Ellison, chief executive officer of Corporate Insight. “When we last asked this question back in 2004, investors forecasted a rise of 9.4%, and the market actually went up 10.7%. It will be interesting to see how close they are this year.”
Ellison also noted that despite their sex, age or degree of wealth, all of the respondents were equally optimistic. “The only sub-group that held a slightly less rosy view was bond investors,” he said, “but that’s to be expected. I believe the nature of bond investors is to be a little more cautious than stock investors.”