Investors are far more bullish than they were even three short months ago, according to a quarterly survey released on Monday by online broker TradeKing. And with mid-term elections on Tuesday, the majority of investors reported that they believe the outcome of the elections will have little to no impact on their trading.
The October 2010 survey, conducted via email with over 300 investors between Oct. 25 and 28, found that 45% of those surveyed described themselves as “bullish” or “very bullish” on the market for the next three months, a significant increase from 10% in July 2009. Thirteen percent of respondents described themselves as “bearish” or “very bearish,” while 42% said they were “neutral” or “not sure.” Meanwhile, 59% of those surveyed said they believe the S&P 500 index will finish up between 5% to 10% by year-end, up from 50% in July.
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