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Why workers and retirees missed the roaring bull market Many retirees and investors have ignored the strong performance of the market in recent months as investor optimism has declined, according to a Wells Fargo/Gallup poll. When asked if that S&P 500 index increased 10%, 20%, or 30% last year, only 11% of adults with at least $10,000 in savings and investments got it right. (The answer is 30%). This is despite the fact that 67% of them rated themselves somewhat or highly knowledgeable about investing. The poll found that people instead are losing optimism about the market and their investments, which could be attributed partly to the fear felt by about half of retirees and workers of outliving their nest eggs, the survey found. Clients should ease their pessimism, as the economy and other market conditions have improved since the recession.--CNN Money
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