But Kelly Bogdanova, vice president and portfolio analyst for RBC Wealth Management’s Portfolio Advisory Group, says investor mindsets have changed, and memories of the financial crisis are still fresh. That means the public could grow more bullish in surveys and the like, yet not cut loose on savings and deploy cash into the market.

“When the crisis occurred and then the country started to come out of it, a lot of households changed their behavior, paid down debt and then accumulated savings,” Bogdanova said. “So while there’s a lot of savings on the sidelines, we may not be at the point where those savings gets freed up to flow into the market heavily because people are still in the mindset of being cautious.”

This article was provided by Bloomberg News.

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