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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (52062)	9/14/2001 3:26:08 AM
From: StanX Long	Respond to of 70976

Americans won't alter investing By Kristen Gerencher, CBS.MarketWatch.com Last Update: 2:27 PM ET Sept. 13, 2001 SAN FRANCISCO (CBS.MW) -- Most Americans expect U.S. stocks to drop in the weeks after the terrorist attacks, but only one in 100 say they will sell stock holdings, according to a new poll. Investors don't plan to change their spending or investing habits as a result of Tuesday's events in New York and Washington, aside from limiting air travel in the near term, Harris Interactive found in a survey of more than 4,600 Americans. While the national tragedy threatens to undermine an already struggling stock market, investors apparently aren't panicking. Ninety-nine percent of respondents said they won't sell stocks when the market reopens, though 42 percent believe stocks will decline a lot, the poll found. Thirty-seven percent said stocks will go down a little. More than half said stocks are a worse investment in light of this week's events. Meanwhile, gold gained luster for 31 percent of respondents who rated it a better investment following the attack. Government bonds also got a boost, with 20 percent deeming them now more attractive. The poll, which was conducted late Tuesday and early Wednesday, had a sampling error of plus or minus 1.5 percent. Kristen Gerencher is a reporter for CBS.MarketWatch.com in San Francisco.