Glass Half Full?

Australian investors and advisers did not anticipate the woes currently besetting global and domestic share markets this month according to recent data collected by CoreData.

The All Ords is down 6.6% in November, however at the end of October both investors and advisers were optimistic as to the direction of the share market.

Investment may be a long term event but the most recent CoreData Investor and Adviser Sentiment gauges suggest the two aforementioned groups were of the opinion the US led credit crisis was had run its course and the market would return to normal and continue posting its double digit returns.

However the persistent negative news trickling out of the US is starting to add weight to real sense that the US is likely to slip into recession in the not–too-distant future.

Perhaps the image below may start to hold sway with more groups of investors and advisers if things go from bad to worse before the year is out?