Well over half of investors surveyed by the Association of Investment Trust Companies now say they b...
Well over half of investors surveyed by the Association of Investment Trust Companies now say they believe the stock markets will recover in the long term.
More than 30% say they recovery will be short term, i.e., within the next 12 months, with the greatest risk of disruption to the recovery process being war with Iraq.
Those who feel times are set to improve say factors such as improved corporate earnings and possible further interest rate cuts will boost confidence.
Interestingly, while the majority, 56%, do not think markets will recover for more than a year, they do not seem overly concerned by past investment failures: just 4% say being burned by previous investments factors into their view.
The AITC says the results indicate a slight improvement on the last such survey, but that the Iraq issue remains the biggest stumbling block to full-scale recovery in investor confidence.
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