Gallup Index of Investor Optimism, U.S. Stock Market Capitalization Hit New Highs
PRINCETON, NJ -- Consistent with Gallup's Consumer Confidence measure and the continued strong performance of the equity market, the Gallup Index of Investor Optimism -- a broad measure of investor perceptions -- in August hit a new 2009 high of 9. This represents a 12-point increase from July and is the first time the Index has been positive since June 2008. The Index has improved by 73 points from February's -64 reading -- its lowest level since its inception in October 1996.
And as the chart below shows (using World Federation of Exchanges data), investors have reason to be optimistic - the U.S. stock market capitalization has increased for the last six months, and by about $4 trillion since March, from $10 trillion to $14 trillion (estimate for September), the highest level since last September.