Investors are feeling very optimistic lately; in fact a recent study conducted by UBS shows that investor confidence is at the highest level in a year and a half, with many expressing great confidence in the performance of the stock market.
Optimism about the performance of the U.S. stock market is up four percentage points from last month and 16 points from July.
Fifty-eight percent of respondents claim that the economy is in a state of recovery, up from 50% last month.
Sixty Seven percent of investors are confident they will reach their investment goals in the next twelve months, further illustrating investor confidence in the investment climate for the next year.
The top investor concerns for 2006 are high-energy prices and healthcare, as seven of 10 investors claim these are top issues for the year to come.
"Investors are clearly expressing renewed confidence in the economy and financial markets while keeping a watchful eye on domestic pocketbook issues," said Mike Ryan, head of UBS Wealth Management Research.
Gallup Organization conducted the survey on behalf of UBS, and 801 investors were randomly selected across the nation, and polled.