Despite Volatility, Most Americans Remain Upbeat About Investing and Economy

Active investors are even more bullish than the general population.

NEW YORK, SEPTEMBER 26, 2000 - A majority of U.S. adults continue to believe the economy is "as strong as ever" and that recent stock market volatility is part of a "normal adjustment," results from a weekend poll from the Angus Reid Group show. As well, nearly half of Americans would have no problem advising their friends and family that now is a good time to invest in the stock market.

Active investors - those who have sold or bought shares in the last year - are even more bullish than the general population. More than seven in ten say they would advise friends or family members that "now is a good time to buy shares" and close to eight in ten of active investors say the economy is as "strong as ever."

The results are from a survey of 1,000 adults conducted by the Angus Reid Group over the weekend and were compared with results from the same questions asked in April.

"Despite recent stock market volatility, investors remain positive about the stock market and the economy generally," said Ed Morawski, a financial services analyst and vice-president with Angus Reid in New York . "So far, nothing seems to have eroded consumer confidence and most Americans feel the economy remains strong. Still, the results show there's a sizable group (about one-quarter of respondents) that's sitting on the sidelines unsure about the future. This number is growing and something we need to watch closely."

The results come from Angus Reid Express, a national weekly telephone omnibus study. The margin of error on the full sample (n= 1,000) is +- 3.1%. Margin of error increases when looking at sub samples.

FINDINGS FROM THE ANGUS REID POLL OF 1,000 ADULTS COMPARED WITH APRIL, 2000 1. In light of the changes in the value of many shares this past week, would you advise friends or family members that now is a good time to buy shares on the stock market OR would you say it is a bad time to buy shares on the stock market?

September

April

Good Time

476

48%

53%

Bad Time

249

25%

29%

Don't Know

258

26%

16%

Refused

16

1%

2%

2. Have you yourself purchased or sold shares on a public stock market here in America over the last year?

September

April

Yes

295

30%

28%

No

697

70%

71%

Don't Know/Refused

8

0.8%

1%

3. FINALLY, which of these two statements best describes how you presently feel about the American economy: Recent declines in the stock market are part of a normal adjustment and the underlying American economy is as strong as ever; or Recent declines in the stock market point to fundamental weaknesses in the American economy.

September

April

Normal adjustment and economy is strong as ever

632

63%

68%

Point to a Fundamental Weakness in the American Economy

305

31%

27%

Don't Know/Refused

63

6%

5%

About Angus Reid The Angus Reid Group has been tracking public opinion and helping businesses around the world for more than 20 years and has become a leading provider of global public opinion and market research. With more than 1,300 staff in ten cities, Angus Reid offers clients a full line of custom, syndicated, omnibus and online research products and services. It is best known for its Express opinion polls, the World Monitor public affairs journal, and The Face of the Web, the most comprehensive study of global Internet usage and trends. It is a member of Paris-based Ipsos Group, ranked among the top ten research groups in the world.

For more information on this release, please contact:

Dan Maceluch Angus Reid Group (604) 893-1635

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