BUSINESS

Spectrem Millionaire Index Turns Sharply Bearish On The Economy

10/25/2010 05:12 am ET | Updated May 25, 2011

NEW YORK (Reuters) -- The Spectrem millionaire investor confidence index fell to its lowest level in more than a year in August as wealthy U.S. investors worried about politics and unemployment, according to Spectrem Group.

The Spectrem Millionaire Investor Confidence Index fell 11 points in August to -18, its lowest level since June 2009, when it fell a record 18 points to -20 shortly after the S&P 500 index hit a 12-year low.

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