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Subject:  AP No Confidence Poll Date:  10/15/2002  8:41 AM
Author:  Lokicious Number:  8000 of 10421

"The public's faith in stock market investing has plunged sharply in the last few years, with two-thirds now saying it's a bad idea to make a substantial investment in the market, says an Associated Press poll taken at a time the market has dropped to its lowest levels in years....

The poll found that only 29 percent said investing the money would be a good idea, and 64 percent said it would be a bad one. Just over half those who said they had investments in the stock market or mutual funds thought it was a bad idea....

"Sometimes you have a quick turnaround, but this looks a lot like the late '60s," said David Wyss, chief economist for Standard and Poor. "People had a love affair with the market until the late '60s, then it took them a long time to regain confidence."

[A stock market firmly in control of the aggressive traders who thrive on playing the market up and down, a resistance by the administration to every serious attempt to prevent future accounting and investment banking fraud, an unwillingness even to discuss the relationship between stock valuations and supply-side tax policies, what else would you expect?]

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