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Survey Shows Investors Feel Bullish About Market

Investors in a recent survey said they were bullish about the market.

A recent survey of investors conducted by MoneyShow.com revealed that many feel bullish about the market's prospects.

The Investors' Sentiment Indicator suggests that more than half of investors think that given the current market volatility, the S&P 500 won't mark "big moves" in any direction. Another 42 percent said they expect the S&P 500 to make gains before the year's end.

A large majority of responding investors said they think the housing market will not bottom out until after this year, and 94 percent do not think the unemployment rate will dip below 8 percent before 2012.

Additionally, 94 percent of responding investors said they anticipated that the Federal Reserve would not enact any changes to current rates and nearly three-quarters think that inflation will rise for the duration of 2011.

According to The Associated Press, the Fed predicted last month that inflation could decline to levels that fall short of its annual 1.5 percent to 2 percent price growth.

"Inflation is not wildly out of control but it certainly isn't as tame as would be expected during this stage," said Jennifer Lee, a BMO Capital Markets senior economist, told the AP.  

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