TIM Group’s survey of institutional stock brokers found them to be modestly bullish throughout the fourth quarter of 2012, continuing the trend from the end the third quarter which bodes well for the first quarter of 2013. This is despite concerns over the US and European fiscal and economic situations and the US election which gyrated the market in 4Q12.
“It seems to be a clear case of stay calm and carry on,” said Colin Berthoud, TIM Group co-founder. “At this point, the general outlook is that brokers are sanguine if not slightly positive about the outcome of the ‘fiscal cliff’ in the US.