Investor Confidence Down
A new survey suggests investors have fewer places in which they're confident putting their money than they did a year ago.
According to the annual Main Street Investor Survey by the Center for Audit Quality, individual investors have less confidence in U.S. capital markets, foreign capital markets and publicly traded U.S. companies than they did last year.
The survey found that 70 percent of investors had between "some" and "a great deal" of confidence in publicly traded companies, down from 75 percent last year. Confidence in U.S. capital markets fell from 68 percent to 61 percent, and confidence in foreign markets fell from 47 percent to 43 percent.
Confidence in both foreign and domestic capital markets have fallen significantly over the past four years. In 2007, confidence in U.S. capital markets stood at 84 percent, and the figure for foreign markets was 65 percent.
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