Is equity sentiment really overbearish?

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Whenever I discuss stock markets with people – ranging from private investors to institutions to journalists – most of them are downright pessimistic about the intermediate term outlook for stock markets. However, others are quietly nibbling away during sell-offs and increasing equity exposure, often focusing of companies leveraged to growth countries and paying solid dividends.

How do you see the outlook for equities? Let’s put this to the test and do a snap poll among the readers of Investment Postcards. I have kept this very simple by giving only three choices for the level of the S&P 500 Index on a six-month view: bullish, neutral or bearish. I realize this is quite unscientific but it will nevertheless make for interesting reading. Just play along and click the appropriate button on the poll image below. The poll will run until 22:00 EST on Wednesday, November 30, 2011, after which the results will be reported on the blog.

Please also post any interesting ideas or links that you would like to share with the Investment Postcards community in the comments section.

Where will the S&P 500 Index be six months from now?
Higher (more than 1,159)
About the same (around 1,159)
Lower (less than 1,159)
Free polls from

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