This week’s poll asked how people where they think the market is headed for the new year. The poll was not scientific and was driven by radio listeners of the syndicated Don Creech Radio Show (www.DonCreech.com) and subscribers to Investor Resources Week In Review email update.
If you had a thousand dollars to spend, do you think investing it in the stock market would be a good or bad idea?
Slightly more than three quarters of respondents have a positive view of investing in the market. This is an interesting anomaly since most investors have been shifting money from stock mutual funds to bond funds. The recent decline in the DJIA has been modest but resulted in more demand for bonds. Is that the next financial bubble? It certainly seems likely.
The final quarter of 2009 was a period of consolidation in the markets and the number of stocks in bullish trends had been weakening. As we started January, the NYSE moved back to a positive trend and was joined this week by the OTC. Short term news has tweaked negative emotions again moving bond prices up and yields lower.
Thinking ahead to a year from now, do you think the stock market will be higher, about the same, lower?
This seems to be inconsistent with the first question....
Don Creech Don hosts the weekly Don Creech Radio Show (www.DonCreech.com) discussing current events affecting your financial well-being. Don is the founder and co-owner of Investor Resources, Inc. He has attended Grossmont Community College, San Diego State University, Bellevue Community College and City University. Full Profile & Contact Information...
