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Not investing rises and all else falls |
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Not Investing rose sharply with a 7.3 jump pushing it near it’s high of 44.7 (August 2006) as the Affluent and Millionaires avoid the rocky markets for the second month in a row. Also up slightly was Cash, again signaling an uneasiness with investing in Stocks, Bonds, Mutual Funds and Real Estate, all of which fell this month. Stock Mutual Funds fell sharply from 29.5 to 22 , nearing their all time low of 21.2 from September 2007, which is the sharpest drop of all investment types. Stocks matched their low from September 2007 at 14.8 and Bonds and Real Estate, neared their lows.
Considering the instability in the markets and the panic many are feeling, Not Investing may continue to rise or stay high in the coming months as the Affluent wait out the current conditions.
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