Millionaires more upbeat but still wary

“Despite the improvement, millionaires' optimism remains near its all-time low,” said the president of Spectrem Group.

Confidence among millionaire investors improved last month, following a substantial two-month decline driven by struggling financial markets and elevated energy prices, according to a report by Spectrem Group.
The Spectrem Millionaire Investor Index gained five points last month to a reading of -9.
Since June 2007, the millionaire index has registered a decline of 34 points.
Meanwhile, the Spectrem Affluent Investor Index, which measures the investment outlook of households that have between $500,000 and $1 million in investible assets, was flat at -13, following a 7-point increase in April.
The affluent index fell to its record low of -20 in March.
“Despite the improvement, millionaires’ optimism remains near its all-time low,” George H. Walper Jr., president of Spectrem Group in Chicago, said in a statement. “With concerns over increasing gas and oil prices spiking for Americans in May, the investment sentiment of the wealthiest Americans is moving into the summer on anything but a high note.”