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Members Weigh in on NASDAQ High, With Mixed Opinions

This week’s Sentiment Survey special question asked AAII members what they thought about the NASDAQ setting a record high record high last week. Responses were mixed. About 21% thought the new record high was a positive event. Another 5% said the record high was expected to eventually occur. On the other side of the spectrum, 21% of respondents described the record as a sign that the market has risen too much, is overvalued or is otherwise due for a decline. An additional 5% of expressed cautiousness about the stock market. Nearly 13% said the record high has not impacted their outlook or investing strategy.

Here is a sampling of the responses:

  • “Money is flowing to technology for growth.”
  • “It was inevitable. I’m fine with it.”
  • “Another indicator that the equity market is very expensive.”
  • “Disconnect between stock values and the real economy. There is no other place to put your money.”
  • “It doesn’t affect my thinking about investing.”

Want to weigh in? Take the survey yourself and see results online at http://www.aaii.com/sentimentsurvey.

If you want to become an effective manager of your own assets and achieve your financial goals, consider a risk-free 30-day Trial AAII Membership.

 

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