Just three years ago the world was entering a terrible economic crisis. If you don't remember, the official start date of the recession was December 2007, according to the National Bureau of Economic Research.
And now, look at us!
Well, that's enough self-reflection. Unfortunately, things are not quite copacetic just yet in the economy.
But on the bright side, the stock market has mostly rebounded from the depths reached in 2009. On March 9, 2009, the Standard and Poor's 500 index clocked in at 676.53. But on Tuesday, the index finished the day at 1,181.35.
The consistently positive movement upward has apparently soothed some of the angst investors may have felt last year. Some recent surveys have found that American investors are beginning to recover a little of their swagger.
For instance, a survey by Charles Schwab found that 88 percent of investors feel somewhat confident about making investment decisions.
As part of Schwab's quarterly investor confidence survey of their retail clients, fifty percent of their clients reported that now is a good time to invest in equities.
The survey was conducted in September, but the results were released Nov. 17.
Another investment company has also found that investors are feeling good about market prospects as 2010 begins to wind down.
A survey released Nov. 10 by Fidelity Investments found that more than a third, 31 percent, of active investors, defined as making 36 or more trades per year, expect the S&P 500 to rise more than 100 points by the end of the year.
More than half, 51 percent, expect the index to remain stable through the end of the year. Eighteen percent predict a decline.
How do you feel about the stock market today? Are you feeling more confident?
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