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Bright days for the stock market?

By Sheyna Steiner · Bankrate.com
Wednesday, December 1, 2010
Posted: 7 am ET

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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4 Comments
Sheyna Steiner
December 21, 2010 at 9:17 am

You're right. Thanks for noticing, for what it's worth, that's what I meant.
Edited to reflect the correct date.

Ryan
December 16, 2010 at 9:46 am

"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 2009, according to the National Bureau of Economic Research."

I sometimes think the people who work as editors for Bankrate are a little lost. Was the start of the recession December 2009? Really? I don't buy that. The start of the recession was more like December of 2007. The end of the recession was announced to be June of 2009. Please get your facts straight before posting any more articles.