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Sunday, November 2, 2008 11:54 AM TweetThis
  • Remarkably, "Big Money" managers surveyed this week by Barron's magazine are unrelentingly optimistic - with 50% saying they're bullish or very bullish about the stock market's prospects through the middle of next year.
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This news story has 6 comments:

  •  
    Why "remarkably"? Sentiment is really weak, so it's likely the market will go up from here.
    2008 Nov 02 12:23 PM | Link | Reply
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    This is remarkable because the outlook for the economy is so bad. I wonder what they were thinking 1,000 points higher than here on the Dow? Wonder if they were bullish then.
    2008 Nov 02 12:26 PM | Link | Reply
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    And when the DOW was 14,000?
    2008 Nov 02 01:17 PM | Link | Reply
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    It is my understanding that the survey was sent out a few weeks ago and responses reflect the time period when the govt was in the process of passing the $700bn bail-out, before global markets spiralled downwards in October. This was a large survey and it takes Barron's a while to compile it. The big money managers may have changed their view during that time.
    2008 Nov 02 02:36 PM | Link | Reply
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    Let them be bullish. Nothing new. I've heard bullish people for the last 15 months. I've hears hundreds of time "this is a buying opportunity, stocks are so cheap..." Of course they look cheap if you use old multiples, of course they are cheap if you just consider that most of them lost over 50% of their value from last October, but they could very well be expensive based on the numbers they will publish in the next six months. Remember that ceo never tell you the truth about their business, and when they say that things look bad, they are probably on the verge of chapter 11: they are always behind the curve. I'm very happy with my deep out of the money puts.....
    2008 Nov 02 03:23 PM | Link | Reply
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    optomistic that in 10 yrs we'll be better than we are now, yes, but until then? Come on, Barron's.
    2008 Nov 02 07:37 PM | Link | Reply