Investors Are Unflappable
What will it take to get U.S. investors really rattled? Something more, it seems, than what they saw in 1998. Even after weathering an abrupt stock market correction in the late summer and some nasty bumps since then, Americans find stocks compelling--and more of them than ever before are joining the party. Investors think that the market in general is overvalued (Internet stocks, intriguingly, less so), and they expect greater volatility to come. Yet most are comfortable taking on risk to get a shot at the rewards: Two-thirds look for long-term returns of 10% a year or higher.
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