Most Investment Advisers Say 'Double-Dip' Recession Unlikely

By MarketWatch | Tribune-Review/Pittsburgh Tribune-Review, August 26, 2010 | Go to article overview

Most Investment Advisers Say 'Double-Dip' Recession Unlikely


MarketWatch, Tribune-Review/Pittsburgh Tribune-Review


SAN FRANCISCO -- A majority of investment advisers say that a double-dip recession is unlikely and that the stock market will improve over the next six months -- but their clients are more worried, according to a survey of money managers released Wednesday by financial-services firm Charles Schwab Corp.

Almost 60 percent of advisers said it's unlikely the economy will head back into recession in the next six months -- 28 percent said it's likely to happen -- and 63 percent said the S&P 500 will rise in that time, according to the survey in July of 1,199 advisers who work at independent firms with assets held at Schwab.

But about half of advisers said their clients are less optimistic about the economy than clients were in 2009. And 50 percent of advisers said their clients are less optimistic than they were last year about being able to retire on time, while 40 percent said their clients are less positive about their investments' performance. When it comes to their pocketbooks, 47 percent of clients are trimming back on expenses and more than half are cutting back on spending.

Advisers are more worried about meeting their clients' goals: 71 percent said it's difficult to meet client expectations in the market environment, up from 58 percent who said that in the same survey in January. Still, that's down from the 84 percent of advisers who said that in January 2009.

But clients appear to need less hand-holding these days: 30 percent of advisers said their clients needed reassurance in the past six months about being on track to meet their goals, down from the 49 percent with that response in January 2009. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Most Investment Advisers Say 'Double-Dip' Recession Unlikely
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.