Investors Remain Bullish On Equity Market Despite Confidence Decline

 @AlexCKaufman
on June 10 2013 3:43 PM

RTX10IME Investors remained bullish in May despite two straight months of sliding confidence in the markets, according to TD Ameritrade's Investor Movement Index.  REUTERS/Brendan McDermid

Investors remained bullish in May despite two straight months of sliding confidence in the markets, according to a new survey.

TD Ameritrade’s (NYSE:AMTD) Investor Movement Index, or IMX, found that the score fell to 5.02 from 5.31 in April and is continuing in a negative direction.

Despite declines, investors maintained a high level of trading on the equity market.

“Some clients became skeptical of the rally to new highs,” Nicole Sherrod, the managing director of TD Ameritrade’s Trader Group, said in a statement. “Our May IMX reading shows that our clients were lightening as the market rallied, reducing their equity market exposure.”

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