This week’s Sentiment Survey special question asked AAII members how, if at all, oil prices are affecting their outlook for the stock market in general. Just under half of all respondents (46%) said oil prices are not influencing their outlook for stocks. Some said the presidential election is having a greater impact on their sentiment. Approximately 11% of all respondents view low oil prices as being good for the economy, and thereby the market. Slightly more than 8% viewed low oil prices as being negative, with some saying the lower prices reflect weak economic conditions.
Here is a sampling of the responses:
- “Not impacting my outlook, unless oil starts moving up or down.”
- “Continuing low oil prices are good for consumers and most businesses, so I expect a positive impact on stock prices.”
- “I’ll be concerned if oil prices drop or rise considerably.”
- “Oil prices have some impact, but I believe the upcoming election has more impact.”
- “Low oil prices continue to indicate weak global demand in the coming months.”
Want to weigh in? Take the survey yourself and see results online at http://www.aaii.com/sentimentsurvey.
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