Dow 16000, Full Barrons Front Page article.

http://online.barron.....abs_article=1

Excerpts:

"The stock market isn't the only thing that has set records this spring. Barron's semiannual Big Money poll of professional investors also is setting a record -- for bullishness, that is. In our latest survey, 74% of money managers identify themselves as bullish or very bullish about the prospects for U.S. stocks -- an all-time high for Big Money, going back more than 20 years. What's more, about a third of managers expect the Dow Jones industrials to scale the 16,000 level by the middle of next year, notwithstanding a dismal week of selling that left the blue-chip index at 14,547.51 on Friday.

Six months ago, just 46% of managers were bullish, down from 55% in the spring 2012 poll. Stocks have rallied 10% since our fall survey was published on Oct. 29.

This spring's survey is notable, as well, for the dearth of bears: A mere 7% of respondents are pessimists today, down from 27% last fall."

"One thing is for sure: This has been a tough year for active money managers. Only 59% of our pros are beating the S&P 500 in their client accounts, and even fewer are doing so with their own money."

"BARRON'S CONDUCTS THE BIG MONEY poll every spring and fall, with the help of Beta Research in Syosset, N.Y. The latest poll was e-mailed in mid-March and drew responses from 135 institutional investors from across the country, representing both smaller firms and some of the largest asset managers in America".

http://online.barron.....abs_article=1

Excerpts:

"The stock market isn't the only thing that has set records this spring. Barron's semiannual Big Money poll of professional investors also is setting a record -- for bullishness, that is. In our latest survey, 74% of money managers identify themselves as bullish or very bullish about the prospects for U.S. stocks -- an all-time high for Big Money, going back more than 20 years. What's more, about a third of managers expect the Dow Jones industrials to scale the 16,000 level by the middle of next year, notwithstanding a dismal week of selling that left the blue-chip index at 14,547.51 on Friday.

Six months ago, just 46% of managers were bullish, down from 55% in the spring 2012 poll. Stocks have rallied 10% since our fall survey was published on Oct. 29.

This spring's survey is notable, as well, for the dearth of bears: A mere 7% of respondents are pessimists today, down from 27% last fall."

"One thing is for sure: This has been a tough year for active money managers. Only 59% of our pros are beating the S&P 500 in their client accounts, and even fewer are doing so with their own money."

"BARRON'S CONDUCTS THE BIG MONEY poll every spring and fall, with the help of Beta Research in Syosset, N.Y. The latest poll was e-mailed in mid-March and drew responses from 135 institutional investors from across the country, representing both smaller firms and some of the largest asset managers in America".

16000??.......thats not bullish.....how bout 40k.....now thats bullish.......watch the sky....675ono.....snort

http://online.barron.....abs_article=1

Excerpts:

"The stock market isn't the only thing that has set records this spring. Barron's semiannual Big Money poll of professional investors also is setting a record -- for bullishness, that is. In our latest survey, 74% of money managers identify themselves as bullish or very bullish about the prospects for U.S. stocks -- an all-time high for Big Money, going back more than 20 years. What's more, about a third of managers expect the Dow Jones industrials to scale the 16,000 level by the middle of next year, notwithstanding a dismal week of selling that left the blue-chip index at 14,547.51 on Friday.

Six months ago, just 46% of managers were bullish, down from 55% in the spring 2012 poll. Stocks have rallied 10% since our fall survey was published on Oct. 29.

This spring's survey is notable, as well, for the dearth of bears: A mere 7% of respondents are pessimists today, down from 27% last fall."

"One thing is for sure: This has been a tough year for active money managers. Only 59% of our pros are beating the S&P 500 in their client accounts, and even fewer are doing so with their own money."

"BARRON'S CONDUCTS THE BIG MONEY poll every spring and fall, with the help of Beta Research in Syosset, N.Y. The latest poll was e-mailed in mid-March and drew responses from 135 institutional investors from across the country, representing both smaller firms and some of the largest asset managers in America".

16000??.......thats not bullish.....how bout 40k.....now thats bullish.......watch the sky....675ono.....snort

"Giddy Bulls Abound" http://www.acting-man.com/?p=22797

"“Even so, the managers aren't just bullish on U.S. stocks, but on equities generally. Some call it the TINA trade, for "there is no alternative" to stocks in a slow-growth, ultra-low interest rate world. Eighty-six percent of poll respondents are bullish on stocks for the next 12 months, and a whopping 94% like what they see for the next five years. Real estate has similar approval ratings.


(emphasis added)

Nothing can go wrong! Maybe we should type that in all caps, so that it goes better with the “94% that like what they see for the next five years”. An appropriate cartoon accompanied this unabashed show of giddiness."

"The 'big money' is up to its eyebrows in stocks and giddy like never before …"

"The Barron's survey is not the only sentiment datum showing extreme bullish sentiment. Consider as an example the Hulbert Nasdaq sentiment index of stock market newsletter writers. Their recommended net long exposure was recently right back at a record high, which incidentally slightly exceeded the extreme seen at the March 2000 Nasdaq top." (see chart in link)

"With only 7% pessimists left, who is left to buy? One hope expressed by the fund managers interviewed was that the recent record inflows by individual investors into stock funds will continue and drive the market higher (in other words, they are in expectation of the arrival of greater fools). We believe this is a flawed theory, based on demographic considerations and the fact that many people have been worn out by the secular bear market's ups and downs. A market where performance and sentiment remain at odds with each other continues to be the US treasury bond market, which the 'big money' has hated with a passion for many years now. The pronounced bullish sentiment on gold that was still visible in late 2012 has been vaporized by the recent decline in the gold price. In our judgment, the 'big money' clearly suffers from what is known as 'recency bias'."

http://online.barron.....abs_article=1

Excerpts:

"The stock market isn't the only thing that has set records this spring. Barron's semiannual Big Money poll of professional investors also is setting a record -- for bullishness, that is. In our latest survey, 74% of money managers identify themselves as bullish or very bullish about the prospects for U.S. stocks -- an all-time high for Big Money, going back more than 20 years. What's more, about a third of managers expect the Dow Jones industrials to scale the 16,000 level by the middle of next year, notwithstanding a dismal week of selling that left the blue-chip index at 14,547.51 on Friday.

Six months ago, just 46% of managers were bullish, down from 55% in the spring 2012 poll. Stocks have rallied 10% since our fall survey was published on Oct. 29.

This spring's survey is notable, as well, for the dearth of bears: A mere 7% of respondents are pessimists today, down from 27% last fall."




you forgot.......you sed the same thing a couple of years ago over the barrons 15000 headline....

"One thing is for sure: This has been a tough year for active money managers. Only 59% of our pros are beating the S&P 500 in their client accounts, and even fewer are doing so with their own money."

"BARRON'S CONDUCTS THE BIG MONEY poll every spring and fall, with the help of Beta Research in Syosset, N.Y. The latest poll was e-mailed in mid-March and drew responses from 135 institutional investors from across the country, representing both smaller firms and some of the largest asset managers in America".

16000??.......thats not bullish.....how bout 40k.....now thats bullish.......watch the sky....675ono.....snort

"Giddy Bulls Abound" http://www.acting-man.com/?p=22797

"“Even so, the managers aren't just bullish on U.S. stocks, but on equities generally. Some call it the TINA trade, for "there is no alternative" to stocks in a slow-growth, ultra-low interest rate world. Eighty-six percent of poll respondents are bullish on stocks for the next 12 months, and a whopping 94% like what they see for the next five years. Real estate has similar approval ratings.


(emphasis added)

Nothing can go wrong! Maybe we should type that in all caps, so that it goes better with the “94% that like what they see for the next five years”. An appropriate cartoon accompanied this unabashed show of giddiness."

"The 'big money' is up to its eyebrows in stocks and giddy like never before …"

"The Barron's survey is not the only sentiment datum showing extreme bullish sentiment. Consider as an example the Hulbert Nasdaq sentiment index of stock market newsletter writers. Their recommended net long exposure was recently right back at a record high, which incidentally slightly exceeded the extreme seen at the March 2000 Nasdaq top." (see chart in link)

"With only 7% pessimists left, who is left to buy? One hope expressed by the fund managers interviewed was that the recent record inflows by individual investors into stock funds will continue and drive the market higher (in other words, they are in expectation of the arrival of greater fools). We believe this is a flawed theory, based on demographic considerations and the fact that many people have been worn out by the secular bear market's ups and downs. A market where performance and sentiment remain at odds with each other continues to be the US treasury bond market, which the 'big money' has hated with a passion for many years now. The pronounced bullish sentiment on gold that was still visible in late 2012 has been vaporized by the recent decline in the gold price. In our judgment, the 'big money' clearly suffers from what is known as 'recency bias'."

you forgot.. ....a couple of years ago the reaction to the 15000 cover was the same

Edited by da_cheif, 23 April 2013 - 04:34 PM.