The dawning of a new week looks little better as the selloff in global risk assets continues today.
“Based on our data, we see that one in four Canadians are looking to minimize their market losses by cashing out in 2022. This could turn into a really big problem, Romana King, senior finance editor with Finder, said in the press release.Almost half of those polled about their investment plans, 41 per cent, are sticking with the market, planning to buy and hold for the long term. But 74 per cent are not convinced that they will make a profit on their investments this year.
Pessimism is far from just a Canadian phenomenon. According to the strategists at BofA Global Research, investor sentiment is “unquestionably” the worst since the global financial crisis, with its bull and bear indicator returning to its maximum level of bearishness.
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Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
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Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
Source: financialpost - 🏆 7. / 85 Read more »
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outMillions of Canadians are losing confidence in the stock market and plan to cash out — via financialpost stocks stockmarket financialpost When something like that comes out, you know that's the wrong thing to do. financialpost Short of total economic collapse, once we hit the bottom here people have an opportunity to invest and maybe see some great returns. Of course it will be tricky to know when to buy. financialpost And yet..like the oft discussed fabled Democrat wave moving to Canada....the TSX will carry on. Slow news day?
Source: nationalpost - 🏆 10. / 80 Read more »