E-Trade Street: Market and Self-Directed Investors

e-trade street: These bulls should beware, however, as swings in sentiment can sometimes serve as a contrarian indicator, signaling that stocks may underperform in the months ahead, according to Market Watch. The latest E-Trade Street Wise survey, released Friday, showed 58% self-directed investors calling themselves bullish' on the stock market in the second quarter of this year, a 12 percentage-point increase from the first quarter, when a 54% majority indicated they were bearish' in their stock market outlook. But individual investors are once again wading into the market, indicating renewed bullishness in surveys and flow data released in recent days. A cloud over the market has been lifted, now that investors aren't worried about the Fed being too aggressive, and we are also seeing signs of a potential breakthrough on the U.S.-China trade front, Mike Loewengart, vice president of investment strategy at E-Trade told Market Watch, arguing that these factors have helped convince his clients that there is room left to run in the current bull market. It speaks to the emotional challenge that all investors are presented with when it comes to maintaining a longer term point of view, Loewengart said. He added that the hangover from the nearly 20% drawdown in the S&P 500 SPX, 0.66% in the final quarter of last year stayed with them in the first quarter, causing many to miss out on a least part of this year's rally. (news.financializer.com). As reported in the news.