From Barron’s big money poll; The mix of neutral and bearish managers at 44% seems high — I’d love to see that plotted over a long period on a chart.


Source: Barron’s

Category: Investing, Psychology, Sentiment

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3 Responses to “U.S. Money Managers Are Cautiously Optimistic”

  1. RW says:

    Why Are People Depressed About the Medium-Term Prospects for Equity Investments? Something I Do Not Understand: Friday Focus: April 25 2014

    … if we expect to see P/E10 fall over the next decade from 25X to 19X then we can expect to see returns of 3%/year real–that is, 5%/year nominal. That means that if we expect to see P/E10 fall all the way back to 15X over the next decade, then we can expect to see returns of 1%/year real–that is 3%/year nominal. But that is unlikely to happen. And if P/E10 remains at its current valuation ratios, we have 6%/year real returns–8%/year nominal. …

  2. ukarlewitz says:

    Barrons Big Money poll: equity bull/bear ratio
    Oct ’12: 1.7 (46%/27%)
    Apr ’14: 6.2 (56%/9%)

    I think you can conclude that managers are net (very) bullish

  3. [...] Surprise! US money managers are “cautiously optimistic” at the moment.  (TBP) [...]