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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)
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To: Moominoid who wrote (1500)8/20/2006 9:45:12 PM
From: RealMuLan   of 2852
 
"Stock optimism on rise:

Optimism about U.S. stocks has been rising, according to Investors Intelligence, as the Federal Reserve kept interest rates steady after two years of increases.

The percentage of bullish newsletter writers rebounded to 40.9 percent in the week ended Aug. 11, from a five-week low of 40.2 percent a week earlier, the New Rochelle, N.Y.-based newsletter said.

The percentage of bearish, or pessimistic, writers dropped to 36.6 percent from 37.1 percent. The percentage of writers expecting a 10 percent slide, or "correction," in the stock market during the next 12 months slipped to 22.5 percent from 22.7 percent.

The gap between bullish and bearish sentiment widened to 4.3 percentage points from 3.1. Investors Intelligence considers a 10 percentage-point spread "normal."

Investors Intelligence compiles its survey from about 100 newsletter writers"
al.com
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