Gallup: Investors had been confident
That drop came after Ben Bernanke, the chairman of the Federal Reserve, suggested that the central bank wanted to start slowing down its current stimulus efforts.
The Gallup retirement index, which surveyed investors between May 16 and May 27, found that roughly half thought now was a good time to invest. But around three in five investors also expected a market correction at some point this year.
In general, investors were most worried about divided government and the deficit hurting the investment climate. The retirement index topped out in 2000, shortly before end of the Internet boom, and hit its lowest point early in President Obama’s first term.
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