Loading ...Last summer, 87% of individual investors thought there was a greater-than-10% probability that the stock market would suffer a catastrophic loss within six months — an all-time high.
Since then, that percentage has dropped to 71%, as you can see from this chart:
Those numbers come from a periodic survey introduced in 1989 by Yale University finance professor (and Nobel laureate) Robert Shiller. The monthly survey asks a representative sample of investors the following question: