This week’s Sentiment Survey special question asked AAII members how important it is to them that the S&P 500 index set a new record high in the short term. Three out of five respondents (60%) say that it is not important. Many of these respondents describe themselves as being long-term investors and not concerned about short-term market fluctuations. About 15% say a new high is important because it would be a sign of the bull market being able to continue.
Here is a sampling of the responses:
- “Not important. I’m a long-term investor.”
- “I would like to see a new record high, but it’s not too important to me.”
- “Not important because that index doesn’t reflect the overall market very well.”
- “Not terribly important over the short term. Market fluctuations are not unusual.”
- “Very important—doing so will confirm a strong, secular bull market.”
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