CBS NEWS/MARKETWATCH POLL INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 q1 Do you approve or disapprove of the way George W. Bush is handling his job as President? Total Male Female Sep02a % % % % Approve 69 71 68 66 Disapprove 25 24 27 27 DK/NA 6 5 5 7 q2 How about the economy? Do you approve or disapprove of the way George W. Bush is handling the economy? Approve 50 49 50 47 Disapprove 43 44 43 44 DK/NA 7 7 7 9 q4 Do you feel things in this country are generally going in the right direction or do you feel things have pretty seriously gotten off on the wrong track? Right direction 42 48 37 45 Wrong track 49 43 56 48 DK/NA 9 9 7 7 q5 How would you rate the condition of the national economy these days? Is it very good, fairly good, fairly bad or very bad? Very good 2 1 2 5 Fairly good 46 51 42 41 Fairly bad 42 40 45 43 Very bad 8 7 10 10 DK/NA 2 1 1 2 q6 Do you think the economy is getting better, getting worse, or staying about the same? Aug02a Getting better 20 25 15 18 Getting worse 27 20 33 37 Staying about same 53 54 52 44 DK/NA 0 1 0 1 q7 A year from now, do you think the condition of the national economy will be better than it is today, worse than it is today, or about the same as it is today? Better 51 56 47 Worse 11 10 12 About the same 32 28 36 DK/NA 6 6 5
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 2 q8 Do you think George W. Bush has been paying as much attention as he can to the U.S. economy during this time of war in Afghanistan, or should he have been paying more attention to the economy? Total Male Female Aug02a % % % % Paid as much attention 44 47 41 43 Should have paid more 49 46 52 50 Too much attention (Vol.) 0 0 0 0 DK/NA 7 7 7 7 q9 Right now, do you think the United States is in an economic recession, or not? Yes 59 56 61 56 No 38 43 34 40 DK/NA 3 1 5 4 q10 Do you think the United States was in an economic recession within the past year, or not? Was in recession 20 24 15 No 20 19 22 DK/NA 1 0 2 In recession now 59 56 61 q11 Right now, do you think the United States is NEAR an economic recession, or not? Near recession 17 18 15 19 No 22 24 20 21 DK/NA 2 2 3 4 In recession now 59 56 61 56 q12 Some people say the recession will be over soon and that an economic recovery has begun. Do you think that's true, or not? True 18 19 16 Not true 39 35 42 DK/NA 2 2 3 Not in recession now/dk in q9 41 44 39 q13 How much of the economy's current condition has to do with the economic policies of George W. Bush's administration - a lot, a little, or nothing at all? A lot 25 22 28 A little 54 57 51 Nothing at all 17 18 16 DK/NA 4 3 5
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 3 q14 In the next year or so, do you think real estate prices will go up or go down? IF GO UP: Do you think they will go up a lot, or a little? IF GO DOWN: Do you think they will go down a lot, or a little? Total Male Female % % % Go up a lot 12 13 12 Go up a little 52 56 48 Stay the same 6 6 6 Go down a little 22 19 26 Go down a lot 3 3 3 DK/NA 5 3 5 q17 Do you think of investment in real estate as generally a safe investment, or generally a risky investment? Safe 84 88 81 Risky 14 11 17 DK/NA 2 1 2 q18 In the next year or so, do you think the price of gold will go up or go down? Go up 49 48 49 Go down 21 20 23 Stay the same (Vol.) 4 5 3 DK/NA 26 27 24 q19 Do you think of investment in the gold market as generally a safe investment, or generally a risky investment? Safe 45 47 44 Risky 45 45 44 DK/NA 10 8 12 q20 Do you think the stock market reflects national economic conditions accurately, or do you think the stock market is out of step with the economy? May98b Accurately reflect economy 42 39 46 43 Out of step with economy 51 54 49 39 DK/NA 7 7 5 18 q21 In general, how much attention do you pay to what happens in the stock market -- a lot, some, not much, or no attention at all? Aug01c A lot 30 31 29 35 Some 54 57 51 49 Not much 15 12 19 12 No attention at all 1 0 1 4 DK/NA
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 4 q22 Do you think of investment in the stock market as generally a safe investment, or generally a risky investment? Total Male Female Jul02c % % % % Safe 30 35 25 21 Risky 66 60 72 73 DK/NA 4 5 3 6 q23 How would you rate the overall condition of the stock market these days - excellent, very good, fairly good, fairly bad, or very bad? Excellent 0 0 0 0 Very good 6 7 5 2 Fairly good 39 41 36 15 Fairly bad 42 41 42 38 Very bad 13 10 15 38 DK/NA 0 1 2 8 q24 In the next year or so, do you think the stock market will go up or go down? IF GO UP: Do you think it will go up a lot, or a little? IF GO DOWN: Do you think it will go down a lot, or a little? Go up a lot 9 10 8 Go up a little 68 71 65 Stay the same 2 2 2 Go down a little 12 9 15 Go down a lot 4 4 5 DK/NA 5 4 5 q27 In March 2000, the Dow Jones Industrial Average was over 10,000. It is now just over 8,000. Just your best guess, how long do you think it will take for the Dow Jones to rise above 10,000 again? Less than a year 9 11 7 One to two years 47 51 44 Three to five years 34 31 37 Five to ten years 5 4 5 More than ten years 2 2 3 Never (Vol.) 0 0 1 DK/NA 3 1 3 q28 The Dow Jones Industrial Average is now 8,427. Just your best guess, where do you think the stock market, as measured by the Dow Jones Average, will be one year from now? Do you think it will be below 7,000, 7,000 to 9,000, 9,000 to 10,000, or above 10,000? Below 7,000 7 5 9 7,000-9,000 50 48 52 9,000-10,000 32 35 29 Above 10,000 7 9 5 DK/NA 4 3 5
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 5 q29 Have you changed your approach to your investments as a result of what's happened in the stock market in the past year, or not? Total Male Female Jul02b % % % % Yes 45 44 46 38 No 55 56 54 61 DK/NA 0 0 0 1 q30 What have you done to change your investments? More liquidity/in savings/cds 7 7 7 More conservative 6 6 6 Gotten out of the market 5 5 5 Not investing 5 4 6 More money in bonds 3 3 2 Diversified more 2 3 1 More money in mutual funds 2 3 2 Buying stocks 2 2 1 Other 5 1 8 DK/NA 10 7 13 Not changed approach 55 56 54 q31 Approximately what part of your investment portfolio do you think should be in stocks right now -- all of it, more than half of it, less than half of it, or none of it? All of it 4 3 4 More than half 15 19 12 Half / Less than half 69 69 69 None 10 7 13 DK/NA 2 1 2 q32 Which statement better reflects your ideas about managing your investments in the stock market? Would you say that you believe in holding stocks long term, riding out ups and downs in the market, OR would you say you believe in buying and selling frequently, reacting to market swings and trying to maximize short term profits? Sep99b Long term 85 86 83 86 Short term 12 11 12 8 It depends (Vol.) 2 1 2 4 DK/NA 1 2 3 2 q33 Which statement better reflects your own view? 1. The stock market has hit bottom, so I am buying stocks, OR 2. I'm waiting to buy stocks until the market bottoms out, OR 3. I have lost faith in stocks and don't intend to buy anymore. The stock market has hit b 26 29 24 I'm waiting to buy stocks 34 38 29 I have lost faith in stock 30 25 35 None of the above (Vol.) 8 7 9 DK/NA 2 1 3
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 6 q34 Comparing your retirement portfolio now to where it was two years ago, as a result of changes in the stock market has your retirement account made money, lost money, or stayed about the same? Total Male Female % % % Made money 6 7 6 Lost money 66 62 69 Stayed the same 23 23 23 DK/NA 5 8 2 q35 Approximately how much has your retirement portfolio lost in the last two years -- less than 20%, 20% to 30%, 30% to 50%, or more than 50%? Less than 20% 18 18 18 20 to 30% 27 26 28 30 to 50% 14 13 16 More than 50% 4 5 3 None (Vol.) 0 0 1 DK/NA 3 0 3 Haven t lost money in q34 34 38 31 q36 Would you say you generally decide by yourself which stocks to buy and sell or do you generally follow a broker's advice? Aug01c Self 43 49 37 40 Broker's advice 49 44 55 49 Both (Vol.) 3 3 3 8 DK/NA 5 4 5 4 q37 How often do you check the value of the stock you own several times a day, once a day, a few times a week, a few times a month, less often than that, or never? Jan99c Several times a day 3 3 2 4 Once a day 14 16 12 15 Few times a week 23 25 21 16 Few times a month 30 27 34 24 Less often 25 24 26 28 Never/Leave to broker (vol.) 6 5 5 12 DK/NA 0 0 0 1 q38 How often do you or your stockbroker actively trade or make other changes in the stocks you own -- several times a day, once a day, a few times a week, a few times a month, or less often than that, or never? May98b Several times a day 0 0 0 0 Once a day 2 3 0 0 Few times a week 3 3 3 2 Few times a month 13 13 12 13 Less often 60 61 58 61 Never 18 17 19 19 DK/NA 4 3 8 5
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 7 q39 Which one statement best describes your views on the integrity of corporate America and the stock market: 1. I have completely lost faith, OR 2. I could regain faith if the government makes changes, OR 3. My faith has declined significantly but I still have some, OR 4. My faith has not been shaken? Total Male Female % % % I have completely lost faith 9 9 8 I could regain faith 27 26 29 My faith has declined 49 51 48 My faith has not been shaken 14 14 14 DK/NA 1 0 1 q40 Overall, how much impact do you think the recent corporate scandals have had on the current stock market -- a great deal, some, not much, or no impact? A great deal 73 72 73 Some 22 22 22 Not much 4 5 2 No impact 0 0 0 DK/NA 1 1 3 q41 Have the recent corporate scandals made you more likely to invest in the stock market, less likely to invest, or have they had no effect on whether you invest in the stock market? More likely 1 1 0 Less likely 50 49 51 No effect 49 50 47 DK/NA 0 0 2 q42 How worried are you right now about your investments losing money as a result of the corporate scandals -- very worried, somewhat worried, not too worried, or not worried at all? Jul02b Very worried 12 10 15 24 Somewhat worried 36 34 37 38 Not too worried 33 32 34 26 Not worried at all 19 24 13 12 DK/NA 0 0 1 0 q43 Compared to last year, will you spend more money on gifts this Christmas season, less money, or about the same? More 5 5 5 Less 26 21 32 Same amount 68 74 63 Don't spend on Christmas(vol.) 1 0 0
CBS NEWS/MARKETWATCH: INVESTORS' VIEWS OF THE MARKET September 6-8, 2002 8 q44 Overall, how much impact do you think the terrorist attacks have had on the current stock market -- a great deal, some, not much, or no impact? Total Male Female % % % A great deal 50 47 53 Some 40 42 38 Not much 8 7 8 No impact 2 2 1 DK/NA 0 2 10 q45 Has the threat of terrorism made you more likely to invest in the stock market, less likely to invest, or has it had no effect on whether you invest in the stock market? More likely 0 0 0 Less likely 24 20 28 No effect 75 79 71 DK/NA 1 1 1 UNWEIGHTED Total Respondents 1099 WEIHGHTED Total Men 482 548 Total Women 617 551