Investor optimism declined slightly in November, thanks to a consistently weak economy. According to the Index of Investor Optimism, a joint effort of UBS PaineWebber and the Gallup Organization, the overall index decreased 13 points to 117 from 130 the prior month. Conducted monthly, the Index had a baseline of 100 when it was established in October 1996.

The decline in optimism was most pronounced among average investors, those with $10,000 to $100,000 in investable assets, dropping to 97 this month from 115 in October. In contrast, optimism held steady at 153 in November among substantial investors, those with more than $100,000 in investable assets.

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