New Jersey investors are Debbie Downers on the economy and their
investment portfolios compared with their New York counterparts, a
new survey shows.
In New Jersey, 42 percent of investors said they are "more prone to feel the U.S. economy is going in the wrong direction," according to a poll of investors by Morgan Stanley. Thirty-five percent of New York investors said that, and 47 percent of Connecticut investors agreed.
Assessing their portfolios, just 48 percent of New Jersey investors said they are better than a year ago, compared with 53 percent in New York and 42 percent in Connecticut.
Looking to the future, 56 percent of New Jersey investors said they're optimistic that their portfolios will improve by year's end, compared with 58 percent in New York. Just 41 percent of Connecticut investors felt that way.
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