Much has been made of the billions of dollars that small investors have been pulling out of stock funds. However, some $4 trillion sits there—and most people still aren't selling. According to the WallSt Journal Too frightened and angry to buy, they are simply watching with a sense of helpless horror.
In an online survey conducted between Aug. 9 and 15, a team of psychologists led by Paul Slovic of Decision Research in Eugene, Ore., probed how the latest financial turmoil has affected the mindset of Americans. The survey has been conducted eight times since the fall of 2008 among hundreds of people nationwide, asking the same questions of many of the same investors.
Asked how angry they felt "about the financial challenges facing our country now," 59% said they were "moderately" or "very" angry; 52% said they were moderately or very fearful. The proportion who felt at least some anger and fear hasn't fallen at all since the depths of the financial crisis in March 2009. When asked this month if they worried "about money yesterday," 73% said yes—up from 56% 2½ years ago...
Read more at http://online.wsj.com/article/SB10001424053111904070604576518584290614602.html
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