Outlook for stocks dim but gold may shine: survey
Canada's investment managers are getting antsy about stock market returns, according to the latest quarterly survey from BetaPro Management.
Rather than anticipating some relief after the most recent slide, those people entrusted to make decisions about your money are growing increasingly discouraged as to whether they can make any headway in the coming months.
The June survey polled nearly 200 advisors, who collectively oversee an estimated $20 billion in client assets, on their outlook for various asset classes.
Those claiming to be "bullish" about the S&P/TSX 60 fell to 39 per cent in this latest go-around, down from 58% three months ago. Those considering themselves to be "bearish" on the Canadian market rose to 45% from 30%.
Those bearish on U.S. large-cap stocks, represented by the S&P 500, rose to 52% from 31%. Negative sentiment toward the Nasdaq 100 was up to 45% from 27%.
Only time will tell which camp is right, but investors are clearly wary of any sign of softness in the macro economic outlook.
What’s left? Precious metals, I guess. Bullishness for gold jumped to 68% from 55%, and most respondents were also equally optimistic about gold-related stocks.
A recent survey of more than 75 gold market 'specialists' found that most see gold topping $1,500 an ounce in the not-too-distant future, with $2,000 not far behind.
Among the less shrill gold bulls is long-time MSN columnist Jon Markman, citing reports that argue that gold prices should remain near current levels for at least the next four years.
“With the U.S. Federal Reserve likely to keep rates on hold through 2012, and the potential for inflation-adjusted interest rates to move further into negative territory with another round of quantitative easing, there's little reason to think gold's run higher will end anytime soon,” he writes.
Got some money working for you? What's your outlook for the balance of the year?
By Gordon Powers, MSN Money
Posted by: Nike free shoes | Jul 9, 2012 11:17:45 PM
How is this news? You guys been living under a rock?
I highly doubt that Denver will be burying understreet sensor for each parking spot that would need to be powered - beyond the fact that it would be prohibitively expensive it would have trouble determining when a light motorcycle was parked or had left. It would require periodic maintenance to replace the battery. It would likely need to use radio signals (because running wires would be even MORE prohibitively expensive) which, if not on the cellular channels (costing the operators a bundle) would be subject to jamming that they would have no recourse against. It would be subject to vandalism (anyone with a battery powered drill could wipe out the sensors).
Montreal (and lots of other jurisdictions) that have paystation based park & pay systems on their public streets have effectively worked this way for many, many years.
Without a roadside parking meter the parker has no idea whether there is time left or not and so must feed the meter, which does not extend time but rather simply restarts the timer based on the amount of money fed to the kiosk.
Posted by: xbox codes | Aug 26, 2012 10:06:04 AM
When i couldn’t refrain from commenting. Well written!
Saved as a favorite, I like your blog!