Close to half the affluent US investors see the stock market as a “buy” with energy as the industry and Asia as the region to be.
Based on a poll conducted by Bloomberg/Los Angeles Times, 44% of those with household incomes of US$100,000 or more view it as good times to buy stocks versus 15% who say it isn’t.
The poll results signal some Americans may be ready to shift part of the US$3.5 trillion parked in money market funds into equities. The confidence also indicates they anticipate limited spillover among stocks from the financial crisis that has led to US$335 billion of losses and writedowns in that industry.
Based on a poll conducted by Bloomberg/Los Angeles Times, 44% of those with household incomes of US$100,000 or more view it as good times to buy stocks versus 15% who say it isn’t.
The poll results signal some Americans may be ready to shift part of the US$3.5 trillion parked in money market funds into equities. The confidence also indicates they anticipate limited spillover among stocks from the financial crisis that has led to US$335 billion of losses and writedowns in that industry.
Extracted From: The Edge Singapore
2 comments:
Nice post and blog!
Agree.
From the 1st quarter earnings announcement from US companies, most of the bad earnings come from financial sector. Minus the financial sector, other sectors seem to do reasonably well, esp the oil and gas sector.
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