Digging In to Fiscal Cliff Sentiment
Stock prices are, of course, the ultimate barometer of what investors think about the outlook for equities. At the moment, these would indicate that investors are either unenthusiastic about another term for President Obama, or are pessimistic about the likelihood of solving the fiscal cliff. Looking beyond the market itself, however, we can look at some various polls, surveys and such for insight into what the market thinks.
The CFA Institute recently surveyed its members on whether the fiscal cliff will be averted. This isn't normally an optimistic bunch, but more than 70% think the cliff will be averted. This same group believes the economic news will dominate other factors, such as earnings, in driving stock-market returns in 2013....304 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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