Place Your Bets - wealthy investors' survey on US economic forecast - Brief Article

American Demographics, Oct 1, 2001

Although a bear market seems to have settled in, some wealthy investors still see a bull waiting around the corner. According to a Forrester Research survey of 2,500 affluent households in North America, defined as those households with investable assets of at least $1 million, nearly half of North America's affluent (47 percent overall; 48 percent in the U.S. and 42 percent in Canada) believe that the economy is experiencing an "economic slowdown that will be followed by a return to healthy growth." In fact, Forrester found that 12 percent of North America's affluent expect the bull to regain control of the market within the year. In three years time, a full 59 percent expect to be riding another bull market.

STAVING OFF THE BEAR

While they're not exactly exuberant, 4 in 10 affluent investors still plan to increase their holdings in individual stocks over the next 12 months.