Today's Wall Street Journal reports that "As Doubts on Economy Grow, Stock Investors Stay Upbeat."
Americans have become more pessimistic about the health of the economy, but investors remain confident about stocks despite recent market fluctuations.
A new Wall Street Journal/NBC News poll of American adults shows a significant decline in economic confidence since the year began. About 31% of Americans now expect the economy to get worse over the next year, double the proportion who said so in January.
Yet a smaller group of Americans with some stock-market investments remains bullish. Among those who say they have at least $5,000 in the market, 46% expect the market to move higher over the next year, while just 16% expect the market to fall. One-third expect the market to stay the same.
Investors "don't appear to be particularly shaken," says Democratic pollster Peter Hart, who conducted the Journal/NBC survey with Republican counterpart Neil Newhouse. But lagging spirits about the economy overall, Mr. Hart added, show the broader public mood is "anything but great."
After what happened last week in the equity markets, I have a funny feeling that this long-running disconnect between Main Street and Wall Street is about to be resolved.
And it definitely won't be great.
Read you book today a could not stop until I finished,WOW! I a concerned and scared
thanks so much for the concise information
Posted by: unchikun | March 07, 2007 at 10:12 PM
Many Baby Doomers lack historical context. Maybe the economy was crappy in the 70's -- but they were not investors then. So, for most people under 55 their point of reference is the past 20 years.
Likewise -- for people who have done well in the past 20 years -- that steady "boom" is *PROOF* that the policies pursued during that time were constructive and valid.
Some of us know our history.
Edward Charles Ponzi Jr
Hooverville Falls VT
March 8th, 1927
Posted by: Edward Charles Ponzi Jr. | March 08, 2007 at 12:06 AM