Bottom of the Market

Saturday, May 16, 2009 11:37
Posted in category Economic Outlook

Some hope for those looking for signs of recovery in the economy. A snapshot survey by Thomson Reuters of 27 sell-side traders found 52% are bullish on shares over the next 12 months. More than 40% believe that the markets have bottomed out with a further third predicting that it will bottom this year.
Another survey of 25 buy-side and sell-side traders suggests that investors’ attitudes towards Russia have changed radically in the past year. The survey found that 56% were cautious about Russia and 20% bearish—the price of oil and poor corporate governmance were of particular concern. Last year, 98% of traders were bullish.

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