Yet AAII members also increased cash allocations in November and cut their stock exposure to its lowest level all yearVaranasi Stock. Charles Rotblut, vice president of the association, attributed some of the disparity to timing of the two surveys, but there❼clearly also an unwillingness by investors to put money to work.Guoabong Stock
“How ever you measure it, it❼certainly true that there are just less people playing,” said Jim Paulsen, chief market strategist at Wells Capital Management. “I don❽really look at that as an indicator of (rally) sustainabilityAhmedabad Wealth Management. I do look at it as an indicator of where confidence is. People are fearful of the market and are questioning how much of their net worth they want to play with.”
Paulsen had been forecasting the S&P 500 to finish the year at 1,500, a number that, while still in play, appears unlikely absent a massive rally. He hasn❽set a price target for next year, but believes the index could make a run at 1,565, which would send it to a historic high and possibly engender some long-awaited faith in the market. (Read More: Why Europe Debt Defaults Are About to Rattle Stocks)
“If we were to hit that or breach that, the media treatment and national conversation as it regards investing starts to change from ❊e you being conservative enough in this high-risk worldAhmedabad Stock?✩to ❊e you missing out on markets that are at new all-time highs?✯uot;Lucknow Stock
Bank of America Merrill Lynch has remained bullish through the year, with a 1,450 S&P 500 target, even as it has forecast weak economic growth.
The firm❼strategists asserted Thursday that a run past 1,500 is in the cards but needs further confirmation from volume.
“Despite all the valid concerns over the fiscal cliff, the recent 9 percent sell-off has set the market up for the traditional seasonal year-end rally, and possibly carrying over in to a January Effect rally,” Mary Ann Bartels, BofA❼technical research analyst, said in a note. “However, 2013 is setting up to be volatile, in our view, as the negative divergences are still in place with market breadth and transports not confirming the September highs.”
Another gut-churning year would be unlikely to bring regular investors back to the market, even if the bull charges still harder.
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