Bulls Raging But Investors Still 'Dazed and Confused'

Stock prices may be hitting all-time highs, but experienced investors are feeling less bullish, according to a new survey. According to StreetWise, E*Trade's quarterly tracking study of experienced investors, the majority of investors remain bullish at 55 percent, down 6 percentage points from the previous quarter. And while 69 percent of those surveyed believe the market will either stay where it is or rise, significantly more investors believe the market will drop this quarter, up 11 percentage points to 31 percent. 'Brexit and the resulting market volatility cast a shadow on investors' views of the market,' said Mike Loewengart, VP of Investment Strategy at E*Trade Financial. 'That said, the majority remain bullish, and it's important to remember that within the context of a long-term investing plan, market disruptions can present opportunities for investors savvy enough to research and find them.' Investors are most likely to choose 'Dazed and Confused' as the movie title that best describes their views of the market this quarter.