FT. LAUDERDALE, Fla.--(EON: Enhanced Online News)--According to the latest survey by TradeKing Group, independent investors aren’t rushing to jump on the Twitter IPO bandwagon just yet. With Twitter widely expected to issue public stock before year’s end, the majority of investors surveyed (37 percent) said they have no interest in the stock, while 32 percent said they expect that IPO to be “similar to Facebook’s IPO: priced too high due to hype and the stock ends up trading lower than its IPO levels.”
“What do you think is more likely in 2014, inflation or deflation?”
The in-house survey of 180 independent investors was conducted October 21-27, 2013 by TradeKing Group, Inc. View INFOGRAPHIC at https://www.tradeking.com/infographic-center/tradeking-october-2013-survey-infographic
Bullish Sentiment Reaches Highest Point Since Before 2008 Downturn
Bullish sentiment shot up six points over TradeKing’s July investor survey, reaching its highest point in six years. Forty-eight percent of respondents in this latest survey characterizing their market outlook as “bullish.” The last highest point in bullishness recorded by the TradeKing survey was reported back in July 2007 when it had reached 51 percent. This October, 44 percent described themselves as having a “neutral” position, while only 8 percent described themselves as “bearish.”
The Debt Ceiling Issue: Blown Over for Now?
In the days following the conclusion of the government shutdown and debt ceiling crisis, the TradeKing survey asked investors how the debt ceiling issue in particular has affected their market outlook. Most investors said it has either affected their outlook only somewhat negatively or not at all.
- Thirty-nine said their outlook is “somewhat more negative,” 38 percent said it’s had no effect, 9 percent said “significantly more negative,” 7 percent said “unsure,” and 6 percent said “somewhat more positive.”
Investors’ Take a Wait-and-See Position on Yellen as Fed Chair
In TradeKing’s July survey, only 33 percent of respondents indicated they supported Ben Bernanke’s term extension as Chairman of the Federal Reserve. President Obama has since nominated Janet Yellen as Mr. Bernanke’s successor. When asked if Ms. Yellen’s confirmation made investors more bullish or bearish on the market’s prospects, more than half (57 percent) responded “unsure.” Twenty-five percent said it made them “more bullish” and 18 percent said it made them “more bearish.”
As Interest Rate Worries Are Put Off to Late 2014, Earnings Rank #1 Among Trade Triggers, But Inflation Concerns Linger
When asked to predict when interest rates will increase, the majority of respondents (60 percent) said not until the second half of 2014 or later. As a result, more investors (43 percent) are looking at company quarterly earnings as their top trading trigger for the last quarter of 2013, followed by interest rates and consumer spending.
When asked: “What do you think is more likely in 2014, inflation or deflation?” an overwhelming 77 percent chose inflation, up two points from July.
About TradeKing Group, Inc.
TradeKing Group, Inc. (www.tradeking.com) consists of companies that provide online brokerage services, social communities for investors, investor education and more. Its subsidiary, TradeKing, is a nationally licensed online broker/dealer dedicated to empowering the independent, self-directed investor. It offers simple, low flat fees ($4.95 per trade for both equity and option trades with $0.65 per options contract).1 The TradeKing platform features powerful online equity, options, ETF, mutual fund and fixed-income trading tools accompanied by a rich set of news, research and analysis capabilities.
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