Most retail investors remain confident in the long-term strength of the economy despite two years of rollercoaster volatility and heavy losses, according to a new Center for Audit Quality survey of 1,001 investors.
The fourth annual survey found that 84% of investors were confident in the market in 2007, before the crash. However, while confidence fell “precipitously” to 70% in 2008, investors have stuck at that level since then: 2009 saw an uptick to 73% and while this year’s 68% is a drop, it’s not a very big one.
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