Survey Says: Avoid the Stock Market – The Daily Reckoning
In honor of yet another all-time high in the S&P 500, I have a quick question for you…
If you had a spare $1,000, where would you invest it?
If your answer has anything to do with the stock market, you’re in the minority.
Shocking, isn’t it?
A Gallup poll posed this question in a survey in January — shortly after the previous all-time highs registered. The results speak for themselves. Half of Americans said that if they had $1,000 to spend, investing in the stock market would be a bad idea. Only 46% agreed that a stock investment would be a smart move…
Now, in the grand scheme of life, $1,000 won’t last long. But how many record highs does an investor need to see before he admits that the stock market’s not such a terrible place for his spare cash?
The answer, apparently, is a whole hell of a lot more than the market’s delivered over the past 12 months.
Yes, once again the S&P 500 posts a record-high close. But individual investors are anything but overly bullish…
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