FOR IMMEDIATE RELEASE
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Aaron West
InterShow
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Fax: (941) 955-4918
aaronwest@intershow.com
MONEYSHOW.COM SENTIMENT INDICATOR REVEALS FINANCIAL ADVISORS BULLISH ON THE S&P 500
62% of Financial Advisors Polled Expect the S&P 500 to rise
LAS VEGAS, NV, April 17, 2008 – The nation’s financial advisers are strongly bullish on the stock market for the rest of the year, according to a poll by MoneyShow.com, the largest multimedia investment education destination for financial advisors, investors, and traders.
The MoneyShow.com Financial Advisor Sentiment Indicator revealed that advisors expect the Standard & Poor’s 500 to rise, inflation to increase, lower short-term interest rates, decreased GDP, and commodities and large-cap US stocks to be the top performing asset classes for the remainder of 2008.
Financial advisors are bullish on US equities, with 62% reporting they believe the S&P 500 will rise from now until the end of the year—down from 71% bullish near the markets’ peak last October. 42% of the advisors surveyed believe the S&P 500 will rise less than 10%, while 20% of advisors were very bullish, expecting the S&P 500 to rise by more than 10% by the end of the year. The asset classes financial advisors believe will perform best for the remainder of 2008 are commodities (32%) and large-cap US stocks (26%).
The majority of financial advisors, 65%, expect inflation to increase and 54% believe the Federal Reserve will lower short-term interest rates over the remainder of the year. Additionally, 63% of financial advisors are bearish over predictions for US economic growth, with 42% expecting a decrease in gross domestic product growth while 21% expect GDP to go negative, marking a recession.
“After everything that’s happened in the markets and with all the talk about recession, it’s pretty striking that so many of these advisors remain bullish,” said Howard R. Gold, executive editor of MoneyShow.com. “If they’re correct, it would be very good news for all investors.”
The MoneyShow.com Financial Advisor Sentiment Indicator polled 151 advisors from InterShow’s list of Financial Advisors between April 7 and April 14, 2008. The complete findings of the Financial Advisors’ Sentiment Indicator are now available on the home page of MoneyShow.com. The site also commissions several other indicators throughout the year among individual investors and active traders, which will be announced in conjunction with InterShow’s various trade shows, and made available on MoneyShow.com.
About MoneyShow.com
MoneyShow.com is the most comprehensive investing education destination on the Web today. It offers free membership and provides 24-hour access to powerful, profitable, and actionable investment advice directly from Wall Street and trading experts; hundreds of hours of investing education targeting investors, traders, or financial advisors; and customized content by searching topics, experts, and companies specific to investor’s portfolio needs.
About InterShow
InterShow, the world's leading producer of investment trade shows and cruises, is a privately held company headquartered in Sarasota, Florida, USA. Founded in 1981 by Charles and Kim Githler, InterShow's events include The World Money Show®, The Money Show®, The Traders Expo®, The Forex Trading Expo®, The Financial Advisor Symposium®, and luxurious investment cruises, that each year bring approximately 50,000 investors, traders, and financial advisors together with world-class analysts, top-performing mutual fund and separate account portfolio managers, and independent investment and trading advisors, in live and interactive forums designed to educate and empower all participants.
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