I know I'm not, but it is a little hard for me to believe an on-line poll of investors by Prudential which shows nearly 60 percent have lost faith in markets and nearly 45 percent intend never to invest again.
See the pie charts here.
Presumably these are all Prudential customers who actively answered the poll? As opposed to a scientific sample of registered voters?
Of course they could be Tea Partiers set to unleash holy hell on the electorate again, right?
Tea Party sympathy has been running steady at about 33 percent of the electorate for months, and it would be just like them to go on strike. But I suspect that a large number of people who've lost big time -- jobs, houses, investments -- have nothing much left to invest anyway, so they answer accordingly, keeping very little stashed away, if anything. Maybe an insurance policy or two?
Nearly half the country admits it couldn't scrape together $2,000 in a pinch.
Nearly half the country admits it couldn't scrape together $2,000 in a pinch.
