If investor sentiment was a movie it would be 'Dazed and Confused' [Wealth Professional (Canada)]
E*TRADE FINANCIAL CORP (ETFC)
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Source: Wealth Professional
Bearishness surges to five-year high says E*TRADE survey and we are definitely in a recession environmentBySteve RandallApr 09, 2020ShareFor experienced investors, there is little dispute: we are inEight out of ten respondents to a survey by E*TRADE Financial believe that to be the case, a surge of 59 percentage points quarter-over-quarter.Bearish sentiment has also increased, jumping 23 percentage points to 62%, marking a five-year high. Six out of ten investors said they expect the market to fall this quarter, up 35 percentage points compared to January.Asked to choose a movie title that sums up their current feelings, ‘Dazed and Confused’ was the top choice (31%) after rising 14 points quarter-over-quarter; followed by ‘Apocalypse Now’ (21%) which rose 21 percentage points to an all-time survey high.Recession greater concern than COVID-19In the previous quarter, trade tensions were the top risk (44%).“Against this unprecedented backdrop, it’s critical not to lose sight of long-term
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