Average investors are clearly less bullish about stocks than the pros, particularly after the market's big selloff last week.
That's the conclusion of a survey of both groups by CNBC.com.
The CNBC Trillion Dollar Snap Survey of Wall Street money managers and investiment strategists was conducted from 5pm ET Thursday, July 26 until 12:00pm ET Friday, July 27. We then sought responses from CNBC.com users ("Main Street") between 12:30 PM ET Friday until 11AM ET Monday, July 30.
We emailed an invitation to almost 100 of Wall Street top money managers and investment strategists. Many of them participated in our first Trillion Dollar Survey in mid-July. In our coverage of the results from the Wall Street survey we gave CNBC.com users the option to take the survey themselves.
The results reflect the opinions of those who accepted the invitations. This is not a scientific poll.
Since our most recent survey, have you adjusted your year-end stock market targets:
Wall Street | Main Street | |
Higher | 6% | 15% |
Lower | 0% | 33% |
No Change | 94% | 52% |
Which of the following best characterizes Thursday's market drop?
Wall Street | Main Street | |
Beginning of a bear market | 0% | 14% |
Beginning of a correction in a long-term bull market | 43% | 32% |
Buying opportunity | 46% | 35% |
Wait and see | 11% | 19% |
How would you best describe the deal market?
Wall Street | Main Street | |
Deal boom is over | 9% | 20% |
Look only for strategic deals | 62% | 51% |
Minor hiccup, deal boom will continue | 29% | 29% |
Is housing market turmoil "contained?"
Wall Street | Main Street | |
Yes | 68% | 32% |
No | 32% | 68% |
What is your opinion of financial services stocks following their recent sell-off?
Wall Street | Main Street | |
Time to buy | 41% | 29% |
Stay away for now | 59% | 58% |
Sell Sell Sell | 0% | 13% |
