Eighty-five percent of institutional investors surveyed by TheMarkets.com say they believe the market will bottom out before the end of the first half of 2010, with the majority of those expecting the bottom by the second half of 2009.
The survey of 160 global investors indicated they expect a slow recovery of the S&P 500 to pre-recession levels. More than 80 percent of investors do not expect the S&P 500 to return to 1200 until 2012, and more than 40 percent of investors do not think it will return to 1500 until after 2013.