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Easily explained. Barron's was reporting on an active polling of what money
managers were saying. TSC's was a web page survey based on the universe of
subscribers who happened to visit their site and participated in the poll.
Your polls are the same. They encompass only those who happen to visit your
site and actively choose to participate in your poll. Barron's version
probably has the most validity if only because these money managers can
influence many others, rightly or wrongly. OTOH, TSC's and your poll (with
389 random voters) don't have much, if any, statistical underpinning.
JW
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of Jeff Walker
Sent: Sunday, May 02, 1999 10:47 PM
To: RealTraders Discussion Group
Subject: MKT: sentiment - mixed
This data is still very puzzling, and conflicts with that reported by JW
from Barrons and TSC...
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LOWRISK.COM
INVESTOR SENTIMENT SURVEY
5 / 3 / 99
brought to you by Investormap.com
the biggest directory of investing sites on the net.
http://www.investormap.com
------------------------------------------------
Below are the results of our weekly "Guess the Dow" sentiment
survey. The survey was taken from 4/26 through 5/2 on the
Lowrisk.com web site.
Number of participants: 389
30 day outlook:
33% bullish, 21% last week
46% bearish, 46% last week
21% neutral, 33% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 4/30: 10,885 (it
was 10,335 last week). More complete sentiment data is available at:
<http://www.lowrisk.com/sentiment.htm> .
Last week was a mixed week on Wall Street, and it was a mixed week
in our sentiment readings. The Dow was up almost 1%, while the SP500
fell 1.6%. On the sentiment front, bearish sentiment remained even
at the very high level of 46%. However, bullish sentiment jumped 12%
to end at 33%. The neutral camp dropped to 21%.
This is a tough week to read the sentiment data. A mixed market, a
jump in bulls, and a high bearish reading all conspire to leave the
water very muddy.
Please stop by to take part in this weeks survey at:
http://www.lowrisk.com/guess.htm
best regards,
Jeff Walker
-----------------------------
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