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« March 2011 | Main | May 2011 »
The blogger's bullish level reached a new bull market high at 63.64%.
Blogger Sentiment Poll Participants:
24/7 Wall St (+) Carl Futia (+) Crossing Wall Street Dash of Insight (+) Elliot Wave Lives On (+) Fallond Stock Picks (+) Learning Curve (-) In the Money MaoXian Millionaire Now Peridot Capitalist (-) Quant Investor (N) StockAdvisors.com Smart Money Tracker Traders-Talk Wall Street Folly Wishing Wealth
The complete article can be found at FT.com
Brazil remains the most favored emerging market among Wall Street's strategists. It is a recommended "overweight" by eight of the ten institutions we surveyed.
China, Malaysia, Singapore, Thailand, Turkey and Brazil have all gained in favor among strategists since the beginning of the year (click below for a complete breakdown).
Recently, China has been upgraded to "overweight" at Goldman and HSBC and upgraded to "neutral" at JPM. India was upgraded at JPM and HSBC, but downgraded Morgan Stanley. Taiwan was downgraded at both JPM and Morgan Stanley.
The majority of bloggers remained bullish.
Blogger Sentiment Poll Participants:
24/7 Wall St (N) Carl Futia Crossing Wall Street Dash of Insight (+) Elliot Wave Lives On (+) Fallond Stock Picks (+) Learning Curve (-) In the Money MaoXian Millionaire Now Peridot Capitalist (N) Quant Investor (N) StockAdvisors.com Smart Money Tracker Traders-Talk Wall Street Folly Wishing Wealth
The ETF industry showed continued growth in March. Assets broke the record set last month and rose to $1.08 trillion from $1.06 trillion.
There were 37 new ETF issues in March making it the third strongest month on record (44 were added in both June ‘06 and also February ‘07). Total ETF share volume also rose 42%.
Last month $11.4B of new capital flowed into exchange traded funds. The ETF categories with the largest inflows were:
Foreign +$4.4B
Bond +$2.9B
Commodity +$2.4B.
Drilling down further the sub-group with the largest inflow were the Japan focused ETFs with $2.3B. Not surprisingly Japan ETFs had a 238% jump in total volume in March.
The bulls remain firmly bullish.
Blogger Sentiment Poll Participants:
24/7 Wall St (-) Carl Futia (+) Crossing Wall Street Dash of Insight (+) Elliot Wave Lives On (+) Fallond Stock Picks (+) Learning Curve (-) In the Money MaoXian Millionaire Now Peridot Capitalist (-) Quant Investor (N) StockAdvisors.com Smart Money Tracker Traders-Talk Wall Street Folly Wishing Wealth
Several weeks ago Citigroup announced their intention to undergo a 1 for 10 reverse stock split. The ex-date on the rerverse split is not yet determined, but the implications on total market volume should not be ignored. The technical folks like to point to market volumes as a signal indicating the importance of market advances and declines, but do not be alarmed if there is a sudden contraction in trading volume after Citi's share price jumps from $4 to $40.
The chart below shows Citi's daily volume as a percent of total NYSE volume. In a special note to paying customers, Birinyi Associates detailed that - all things being equal - Cit's reverse split will cause total NYSE daily volume to decline by about 11%. Although we still do not know the exact dates, be wary volume as an indicative measure.
Laszlo Birinyi will appear on CNBC at 1:00pm EST today (April 5th) to discuss stock selection and his view on the bull market in US stocks.
Bloggers are the most bullish since March 30th, 2009.
Blogger Sentiment Poll Participants:
24/7 Wall St (-) Carl Futia (+) Crossing Wall Street (+) Dash of Insight (N) Elliot Wave Lives On (+) Fallond Stock Picks Learning Curve (-) In the Money MaoXian Millionaire Now Peridot Capitalist (-) Quant Investor (N) StockAdvisors.com Smart Money Tracker Traders-Talk (-) Wall Street Folly Wishing Wealth (-)
The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2012 Ticker Sense Blogger Sentiment Poll
Ticker Sense was founded and developed by analysts at Birinyi Associates. Birinyi Associates continues to own and manage all content.
