Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (26500)	10/5/2005 1:00:45 PM
From: ~digs	Read Replies (1) \| Respond to of 48463

NEW YORK -- Millionaires have finally taken a bearish stance on the investment outlook after remaining bullish far longer than other affluent Americans who are a rung lower in wealth, a survey reported Wednesday. The Spectrem Millionaire Index, which tracks the sentiment of Americans with at least $1 million to invest, declined in September to an all-time low of 5, falling into neutral territory for the first time in 12 months, the Spectrem Group said. "It took a while, but millionaires finally have succumbed to the pessimism that has dogged the overall affluent population throughout 2005," said George Walper, Spectrem's president. "This represents strong confirmation that the entire affluent population no longer feels very good about the investment environment," he said. Millionaires had been mildly bullish from October 2004 to August, despite increasing pessimism expressed by the overall affluent population, said Spectrem, a consultancy serving the affluent and retirement markets. The Spectrem Affluent Investor Index, which measures the investment outlook of households with at least $500,000 in investable assets, remained flat in September at an all-time low of negative 1. The index has been neutral for 10 of the past 12 months. The record lows of both indexes date back to their inception in February 2004. Affluent investors appeared to be looking past hurricanes Katrina and Rita to longer-term, core issues such as the economy, politics, and oil and gas prices. In a special hurricane-related question, 71 percent of affluent investors said the Gulf Coast storms would have little or no impact on their investment decisions over the next 6 months. These investors cited the economy, results of the 2004 presidential election, and oil and gas prices as the most serious threats to their financial goals. The Affluent Investor Index is based on 250, 10-minute telephone interviews each month, while the Millionaire Index is based on a subset of the overall survey, which can vary each month. It is typically drawn from more than 100 interviews. boston.com