Russell Investments' quarterly survey of financial professionals reveals that 59% of advisors say they're optimistic about the market, but they think that only 7% of their clients feel the same way.
Russell is spinning the confidence gap as a reason for advisors to work harder to rebuild their clients' trust in the investment markets, and they're probably right. If retail investors really are, as the company says, "fatigued, jaded, and distrustful," then it's up to advisors to fix the situation and improve client morale.
Otherwise, Russell says clients who bail out on stocks and retirement planning "will almost certainly fail to achieve financial security."
They've put together a summary of their findings in a format geared toward the retail market here.