by Lawrence C. Melton, Esq.
THE HAYES LAW FIRM, www.dhayeslaw.com, phone 713-862-2152, toll free 1-866-332-3567
Investor optimism plummeted in the first two weeks of November 2007 to its lowest level in two years. The Index of Investor Optimism compiled monthly by Gallop and UBS reported a 26 point fall in optimism from October 2007. The current level of investor optimism is the lowest point since Hurricane Katrina in September 2005. (Investor Optimism Remains Down in November, UBS Press Release, Nov. 26, 2007). Follow this link to the Index of Investor Optimism:
Here are some key findings from the survey:
RECESSION 79 percent of investors describe the current US economy as in a slowdown or recession. 30 percent say they plan to spend less on Christmas gifts this year.
SURGING ENERGY PRICES 71 percent of investor say they believe the surging energy prices are hurting the investment climate.
HOUSING MARKET 56 percent of investors say the meltdown in the housing and real estate market is hurting the investment climate.
CREDIT CRUNCH 47 percent say the consumer crunch is hurting the investment climate. 64 percent say it is harder for Americans to get credit now that it was three months ago.
DECLINING VALUE OF US DOLLAR 47 percent of investors say the value of the US dollar is hurting the investment climate.
(Investor Optimism Remains Down in November, UBS Press Release, Nov. 26, 2007). https://www.ubs.com/1/e/media_overview/media_americas/mediareleases?newsId=132975
To learn more about the index go to www.ubs.com/investoroptimism
Here is a link to an article at InvestmentNews.com covering this story:
The Hayes Law Firm focuses its practice entirely on representing investors who lost money in the stock market. The firm handled hundreds of cases for investors who lost money in the "tech wreck" in 2001. Now the Firm is gearing up for the anticipated onslaught of new cases. For more information, please visit our Web site at www.dhayeslaw.com. Our blog provides education articles dealing with investor issues at www.aboutbrokerfraud.com.