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Bond market bonanza? Middle class still hates stocks, bonds

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Business Wire / File

(Read caption) Elephant Tembo meets Bull and Bear at the Frankfurt Stock Exchange. Economic uncertainty keeps many investors wary of investing in the stock market or bond market, but that might present an opportunity for the bold investor today.

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That was such a Clusterstocky headline, I know...anyway.

Ever hear of the Mass Affluent Investor Report? Me neither. Supposedly, this is a look at "folks with a net worth between $100,000 to $1 million––excluding primary residence".

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OK. The results of this study's 2010 iteration will be music to the ears of the bulls...

The “Mass Affluent Investor 2010” report, based on a survey of the financial decision-makers in 1,511 households, found 40% of mass affluent investors are likely to invest in cash in the upcoming year versus 23% likely to buy stocks or 17% to buy fixed-income vehicles. Twelve percent said they’re likely to make international investments and 6% are likely to invest in real estate.

Barring any unseen cataclysmic events, these so-called mass affluent investors are the people who could be taking you out of your stocks at higher prices.

Personally, I pay close attention to what people do, not what they say, and I don't believe for a minute that 77% of the middle class is unlikely to buy stock in the next year. But hey, survey says.

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