4pts  Spectrem Millionaire Investor Index (SMII)^®   

^{Millionaires rise 4 points, from –12 to –8, showing some optimism.}

 ^{0pts Spectrem Affluent Investor Index (SAII)®}  

The Affluent stay level at –17, still near their all time low of –20.

The Spectrem Affluent Investor Index (SAII)^® stayed steady at –17, beginning the second quarter of 2008 with a dismal consistency, still near its all time low. This month’s SAII hovering was not mirrored by the Spectrem Millionaire Investor Index (SMII)^®, which rose 4 points from –12 to –8, showing some optimism on the part of Millionaires.

It is not uncommon for the affluent to sit tight while the rest of investors react to market changes. The Millionaires slight rise in sentiment may be more of an indicator, as they are usually one step ahead of their Affluent brethren. Though the market is still chaotic, the country is in a bit of a waiting game; what will happen with the Presidential election, oil/gas prices, unemployment and how will the Fed react?

The sharpest movement this month in Investment Preferences was the rise in Not Investing, from 34.5 to 43.8, showing the summer doldrums may be affecting affluent investing behavior. A slight rise in both Stock and Bond Mutual Funds, while everything else fell, shows an ambivalence on the part of affluent investors despite market indicators, like high unemployment numbers, still signaling a weak economy. Cash also fell slightly, after last month’s enthusiastic jump into Cash, again, demonstrating their investing ambivalence.

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