Wednesday, December 3, 2014

Liz-Ann Sonders says you should quit piddling yourself

Liz-Ann Sonders - individual investors are still piddling their frilly little pink panties. Has some clown with a newsletter been feeding you the line that mom & pop investors are bullish this market? Well:

The next chart below shows the results for a question asking investors about their confidence in the market going up over the next year. Interestingly, individual investors’ confidence has generally been in a weakening cycle over the past 14 years, and today’s confidence (or lack thereof) is even lower than it was during the heat of the financial crisis. Institutional confidence has been a bit steadier, albeit with more short-term volatility.

[...T]here was a very large gap between individuals’ and institutions’ confidence earlier this year; with institutions well more bullish. Both cohorts have recently become much more bearish, although the spread remains quite wide. Notable is the fact that individuals have a record low level of confidence in the history of this survey.

Read Liz-Ann Sonders, not some clown with a blog.

As an aside, I wonder if the long downward trend in Main Street investors' attitudes has anything to do with the continued confiscation of all the world's assets by the rich, per Piketty?

No comments:

Post a Comment