I must admit that I was dumbfounded by the results of a series of studies by Franklin Templeton Investments that was discussed in a piece by Liz Ann Sonders.
I know we are in the investment business… but the only explanation of this is either the bulk of our citizens are very ignorant, or the media is overwhelming their cognitive thinking.
Source: Bloomberg, Franklin Templeton Investments. Used with Permission. The 2010 Franklin Templeton Global Investor Sentiment Survey designed in partnership with ORC International. Included 1,010 telephone responses from participants age 18 and older in the United States from March 25, 2010 to March 28, 2010. The 2011 Franklin Templeton Global Investor Sentiment Survey designed in partnership with ORC International. Included 1,049 online responses from participants age 18 and older in the United States from January 6, 2011 to January 7, 2011. The 2012 Franklin Templeton Global Investor Sentiment Survey designed in partnership with Duke University professor Dan Ariely and Qualtrics. Included 1,142 online responses from participants age 18 and older in the United States from January 30, 2012 to February 13, 2012.
