Consumers expect stocks to fall: Survey
Monday, 11 August 2008
NEW YORK, Aug 10 (Reuters): Households consider it more likely than ever that their stock holdings will fall in value over the next year, a survey released Friday said.
The Reuters/University of Michigan survey said consumers saw a 40.60 per cent chance their stock holdings would rise in the year ahead, the lowest number since the question was first asked in 2002, compared with 42.90 per cent in the second quarter.
The results were based on a random nationwide telephone survey of 1,000 Americans in June and July.
The Reuters/University of Michigan survey said consumers saw a 40.60 per cent chance their stock holdings would rise in the year ahead, the lowest number since the question was first asked in 2002, compared with 42.90 per cent in the second quarter.
The results were based on a random nationwide telephone survey of 1,000 Americans in June and July.