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The best barometer of investor sentiment is always the stock market, of course, but occasionally we do look at other surveys to support or refute our own thesis. Recently, the CFA Institute canvassed its membership to get an understanding of their outlook for the coming year. It published the results in its CFA Institute Global Market Sentiment Survey 2013. With 110,000 members who represent most of the developed world, the survey is a great adjunct research source that should reflect the thinking of the investment industry as a whole.
The CFAs can best be described as "cautiously optimistic." Roughly 40% expect the global economy to expand this year, with 20% in the contraction camp. (The rest were undecided.) The 40% view of expansion is up from 34% last year, indicating a creeping optimism. Surprisingly, the Europeans are the most optimistic, with 50% of their membership expecting expansion....188 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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