The Investor Class Is Scared Out of Its Wits
Robert Lenzner
Forbes.com
10/21/2012
The investor class is sitting on tons of cash, scared of market volatility, worried about the economy, about the high level of debt– and not especially sanguine about low interest rates making stocks still look cheap.
And this yellow light of caution is still prevalent despite the 14% rise in stock prices throughout 2012. According to Natixis Global Asset Management, 77% of Americans are concerned about outliving their assets in retirement, 64% don’t even know how much they need to save, 53% fear losing money from market volatility, and 22% believe the stock market is just ” a pure gamble.”
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