Millionaire's Index is down - I didn't know they had one!

Just read this - anybody out there in this group?????

Millionaire Index Rises a Bit

American Banker | Thursday, June 5, 2008

By Matt Ackermann

Investor confidence among millionaires rose slightly last month, according to a survey by Spectrem Group of Chicago.

The millionaire investor index rose 5 points, to minus-9, returning to neutral territory from mildly bearish, Spectrem said Tuesday. In April the index hit a record low of minus-14 and fell below the Spectrem affluent investors index for the first time since its inception in February 2004.

Despite last month’s increase, the millionaire index stands at its third-lowest level ever, Spectrem said. The affluent investor index, which measures the outlook of households with $500,000 or more of investable assets, was flat at minus-13, its second-lowest level ever, in mildly bearish terrain. The index hit a record low of minus-20 in March and matched its current level in April and January.

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