Stock Market Surge Bypasses Most Americans, Poll Shows

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http://www.bloomberg.com/news/2014-03-12/stock-market-surge-bypasses-most-americans-poll-shows.html

More than three-quarters of Americans say the five-year bull market in U.S. stocks has had little or no effect on their financial well-being, according to a Bloomberg National Poll.

Seventy-seven percent of respondents dismissed the 176 percent rise in the Standard & Poor’s 500 Index (SPX) since its March 9, 2009 financial crisis low, according to the poll, taken March 7-10. Barely one in five -- 21 percent -- said the market’s gains have made them “feel more financially” secure.

“I don’t think there’s anything real behind it,” said David Skelly, 47, a policeman in Kankakee, Illinois. “It’s just an artificial boom.”

The poll shows that most Americans still think the country is on the wrong track; fewer people than in Bloomberg’s December poll expect the economy or job market to strengthen over the next 12 months; and President Barack Obama gets little credit for what gains there have been.

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