Pessimism

Europe debt crisis and its effect on the markets have left very touched to investors. 36.1 Percent of the 360 participants in the survey of Morningstar and market sentiment, the social network of investors, has been bassist to asked about their expectations for the bags in the next 12 months. This figure exceeds for the first time two other options: investors who have declared themselves neutral have been placed by 33.8 percent, while only 30.1 percent have declared themselves optimistic for the market in about a year. Thus, the percentage of optimists has been reduced to 37%, the lowest figure since it began to carry out this study in December 2009, away from the 24 percent recorded in March, when falls in rates hampered the investor mood. The leap of pessimism has been the biggest in a month so far. Since the survey carried out in April only 21% of respondents showed pessimistic, by 36.1 per cent on May. The transfer to the dark zone has come both from the last month investors were bullish as neutrals. The bullish reading is also the lowest since it began to carry out the survey six months ago, and is far from the highest number of this indicator, at 45 per cent in the first month of 2010.

Neutrals, in contrast, remain around the middle zone in which has moved in different monthly surveys. The survey shows that consumers are now more pessimistic than the professionals. In fact, among the professionals, who have been 10% of participants in the survey, the bullish option is still imposed, with 40% of respondents choosing it, although the bassists also give a big jump from 20% April up to 33% from May. Between individuals there is no doubt, the triumph of the bassist option is overwhelming. Once again it seems that professional investors have a more stable vision and don’t change so much opinion based on lurches from the markets, something that is has been perceived since we started to carry out this survey in December.

In any case, with the cautious vision of the world that emerges from the survey, it should not surprise investment intentions for the coming months, which are anti risk absolutely. As you can see, between individuals campa equities rampant fear and the preferred answer is I do not think investing in the next three months, chosen by a 31 for breach. And many also point the option of deposits, which rises to 21 percent. Among those who do dare with equities, surprisingly, again the Spanish stock market be the first option, before black omens about our economy. It is followed very closely by European equities. Instead, he suffers a severe fall the American and emerging bags. Among professionals the preferences are very different. Nearly half declared the bag American as his main election, followed at a distance by emerging equities and the European. Among this audience, that Yes, the Spanish stock exchange stays in the van of tail. This Morningstar and Unience survey conducted between 17 and 23 May. The next will take place between 21 and 27 June.