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5 Resources for

investor sentiment

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Investor Sentiment and the Cross-Section of Stock Returns
This paper examines how investor sentiment affects the cross-section of stock returns. Theory predicts that a broad wave of sentiment will disproportionately affect stocks whose valuations are highly subjective and are difficult to arbitrage. The paper tests this prediction by studying how the cross-section of subsequent stock returns varies with...
Tags: Cross-section, Stock, Investor Sentiment, Investment, Finance
White papers 2003-11-02
Investor Sentiment in Japanese and U.S. Daily Mutual Fund Flows
This paper finds evidence that is consistent with the hypothesis that daily mutual fund flows may be instruments for investor sentiment about the stock market. It uses this finding to construct a new index of investor sentiment, and validate this index using data from both the United States and Japan....
Tags: National Bureau Of Economic Research, Mutual Fund, Investor Sentiment, Mutual Funds, Retirement Plans, Investment, Human Resources, Benefits, Finance
White papers 2003-01-01
Hot Markets, Investor Sentiment, And IPO Pricing
The authors have developed a model of the IPO Initial public offering process that ties three IPO 'Anomalies' - underpricing, hot markets and long-run underperformance - to demand from an evolving class of exuberant investors. While long-run underperformance is often attributed to a decline in investor sentiment, the more novel...
Tags: Investor Sentiment, IPO Issuer, IPO, Financial Planning, Investment, Financial Services, Finance
White papers 2003-01-06
IPO Pricing And The Relative Importance Of Investor Sentiment - Evidence From Germany
The underpricing phenomenon of Initial Public Offerings IPOs has been widely studied across different stock markets around the world and has often been explained to be a result of asymmetrically distributed information and ex-ante uncertainty. This paper adds some further alternative explanations to traditional theories while focusing on the importance...
Tags: University Of York, Investor Sentiment, IPO, Financial Planning, Investment, Financial Services, Finance
White papers 2005-05-01
How to Spot a Bottom
Is the recent rebound a sign that the stock market has finally bottomed? Or is it just a dead-cat bounce in a stubborn bear market? Only hindsight will tell for sure. But history offers some useful clues. Find out what economic indicators to watch for signs of a real...
Tags: S&P 500, Stock, Bear Market, MoneyWatch, Investor Sentiment, CBOE, VIX, Dow Jones-AIG Commodity Index, P/E, Financial Accounting, Investment, Mutual Funds, Finance, Human Resources, Benefits, Retirement Plans, TAGS TK, Carla Fried
Articles 2009-04-04

Additional Resources

Investor sentiment was correct over the last 2 months for Google Inc. (NASDAQ: GOOG).
M2 PRESSWIRE-28 February 2006-StockTargets Inc.: Investor sentiment was correct over the last 2 months for Google Inc. (NASDAQ: GOOG)C1994-2006 M2 COMMUNICATIONS LTD RDATE:28022006 Geneva, Switzerland, and Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment...
Tags: FINANCE, Google Inc., Investment, Nasdaq Stock Market Inc., stock
Research articles 2006-02-28
Investor Sentiment Shows Improvement
Hickey and Walters Bespoke submit: When gauging investor sentiment, the two most popular surveys that track bullish sentiment are the polls conducted by Investors Intelligence of newsletter writers and the American Association of Individual Investors (AAII) survey of its members. As shown below, both measures have shown...
Tags: US Market, Bespoke Investment Group
External links 2009-01-09
Investor Sentiment: Uncertain About Equity Markets
David I. Templeton submits: This week's Sentiment Survey released by the American Association of Individual Investors indicates individual investors are uncertain about the direction of the equity markets. Two week's ago, the level of bullish investor sentiment was reported at 24%. Then last week the bullish investor sentiment level was...
Tags: US Market, David I. Templeton
External links 2009-01-16
Investor sentiment remains generally positive on Apple Computer Inc. (NASDAQ: AAPL) ahead of new products releases.
M2 PRESSWIRE-28 February 2006-StockTargets Inc.: Investor sentiment remains generally positive on Apple Computer Inc. (NASDAQ: AAPL) ahead of new products releasesC1994-2006 M2 COMMUNICATIONS LTD RDATE:28022006 Geneva, Switzerland, and Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in...
Tags: Apple Inc., FINANCE, Investment, Nasdaq Stock Market Inc., stock
Research articles 2006-02-28
Investor sentiment increases for MediaBay, Inc. (NASDAQ: MBAY) following new analyst recommendation.
M2 PRESSWIRE-3 March 2006-StockTargets Inc.: Investor sentiment increases for MediaBay, Inc. (NASDAQ: MBAY) following new analyst recommendationC1994-2006 M2 COMMUNICATIONS LTD RDATE:03032006 IGeneva, Switzerland, and Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on...
Tags: FINANCE, INTERNET, Investment, Investor, MediaBay Inc., Nasdaq Stock Market Inc., stock
Research articles 2006-03-03
Investor Sentiment: Uncomfortably Numb
Hickey and Walters Bespoke submit: With the S&P 500 near its closing lows from July, one would expect negative investor sentiment to be nearing its prior highs.  However, in this morning's release of the weekly poll from the American Association of Individual Investors [AAII], bearish sentiment still remains...
Tags: US Market
External links 2008-09-11
Bullish Investor Sentiment Climbs Higher
David I. Templeton submits: It is amazing what one positive week in the equity markets can do for investor sentiment. Over the seven trading days ending on March 18th, the S&P 500 Index SPY is higher by more than 17%. True to form, the American Association of Individual Investors reported...
Tags: US Market, David I. Templeton
External links 2009-03-20
The Yield Curve and Investor Sentiment (Part III)
John Jagerson submits: In the prior two segments we looked at the yield curve from a fundamental perspective. This is very useful and provides context for what drives short term and long term yields over time. However, we can also watch for changes in the yield curve on a...
Tags: US Market
External links 2008-08-28
Investor Sentiment: Bullish or Bearish?
David I. Templeton submits: For the last few weeks, I had not looked at the individual investor sentiment reading from the American Association of Individual Investors. I was surprised to see that the bullish sentiment reading was not at a lower level, i.e., like in the 20% range. Historically,...
Tags: US Market
External links 2008-10-10
Bullish Investor Sentiment at Lowest Level Since July
David I. Templeton submits: This week's release of bullish investor sentiment by the American Association of Individual Investors shows bullish sentiment fell to 33.65%. This is the lowest level for the bullishness reading since the bullishness reading was reported at 28.68% for the week of July 16, 2009. The eight...
Tags: US Market, David I. Templeton
External links 2009-10-30
A Model of Investor Sentiment
Recent empirical research in finance has uncovered two families of pervasive regularities: underreaction of stock prices to news such as earnings announcements; and overreaction of stock prices to a series of good or bad news. This paper presents a parsimonious model of investor sentiment that is, of how investors form...
Tags: Stock Price, National Bureau Of Economic Research, Investment, Financial Accounting, Finance
White papers 1997-05-29
Investor Sentiment Index
The 18th quarterly Manulife Investor Sentiment Index, based on a national survey conducted in mid-June, suggests fixed investments, cash and real estate remain among favourite investment destinations this summer, while interest is recovering for mutual funds and equity markets. The latest survey suggests Canadians clearly continue to lean toward more...
Tags: Equity, Survey, Insurance-Canada-Ca, Real Estate, Investment, Mutual Funds, Retirement Plans, Financial Services, Marketing Research, Business Operations, Finance, Human Resources, Benefits, Marketing
White papers
Investor Sentiment and Corporate Finance: Micro and Macro
This paper documents that net equity issuance is considerably more sensitive to aggregate stock returns and Q's than to firm-level stock returns and Q's. Very similar patterns also emerge when it is looked at merger activity. In light of earlier work which finds that aggregate stock returns are less informative...
Tags: Stock, Harvard University, Equity, Investment, Financial Services, Finance
White papers 2005-12-01
The Yield Curve and Investor Sentiment (Part I)
John Jagerson submits: The yield curve is something that analysts and professionals will track but is rarely talked about by smaller individual traders. This is a very important topic right now as the market is hearing echoes of the credit crisis of July 2007. There are some important differences...
Tags: US Market
External links 2008-08-26
Investor sentiment about bull and bear markets over the past 25
Bull market, bear market. Duck season, rabbit season. Just as Bugs Bunny and Daffy Duck debate hunting seasons to escape potshots from Elmer Fudd, investors have spent the past 25 years disputing whether to ride the bull or run from the bear. We continue to marvel...
Tags: FINANCE, Investment, Nasdaq Stock Market Inc., S&P, stock, The Dow Chemical Co.
Research articles 2005-04-25
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