More than twice as many self-directed investors say they will be bullish on the stock market if Mitt Romney wins the presidency, compared to 20 percent who said a win by President Obama would make them more bullish.
In a TradeKing survey conducted a year ago, in the midst of the GOP primary race, investors were asked to pick the Republican candidate for president they felt would be most effective in moving the economy forward. Gov. Romney received only 16 percent of responses.
The October poll of more than 225 self-directed investors by TradeKing Group Inc. also found that 53 percent of investors are taking a neutral position on the market through the end of the year, keeping tabs on the election, quarterly earnings and international markets, among other indicators.
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Twenty-four percent of investors described themselves as bullish over the next three months, up four points from July but well below January's high of 41 percent. Twenty-three percent described themselves as bearish over the next three months, down five points from July but up from January's low of 12 percent.
Reviews were mixed when asked about the Federal Reserve's stance on interest rates. When asked, "Are the Federal Reserve's policies regarding interest rates helping to keep you in the market at this time?" 43 percent said no, 35 percent said yes and 22 percent said they were unsure.
When asked to pick the favored sectors for the next three months from a "long" position, energy, health care and technology took the top spots. This quarter respondents picked the retail, international and transportation/travel sectors as having the most potential from a "short" position.
The in-house survey was conducted Oct. 25-31 via email to 8,000-plus clients.
TradeKing Group Inc. includes several affiliated companies, including TradeKing and Zecco that provide online brokerage services, social communities for investors and investor education.
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