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March 31, 2009 at 08:00 PM
A majority of registered investment advisors are in agreement that the U.S. economy will emerge from recession by 2010, according to The Advisor Confidence Index (ACI) issued by Rydex AdvisorBenchmarking. Findings from this study were released Monday.
Following sharp declines since the start of the year, advisor confidence in March concerning the stock market and economy improved almost 6 percent over February’s according to the ACI (The ACI was 82.80 and 87.50, respectively). While more than 60 percent of advisors see getting out of recession by next year, more than one-third say it will take at least six years to recoup portfolio losses.
Confidence was increasingly low month-after-month until March, which marked the biggest upturn in seven months. Analysts say the optimism – particularly looking forward to the next six months – follows recent government spending and stimulus programs.
