(PHOTO CREDIT: GETTY IMAGES)
FROM CNN's Jack Cafferty:
The bloom is slowly returning to the rose that is Wall Street. More and more Americans are willing to put their money into the stock market these days.
A new Gallup poll shows 22 percent of those surveyed say stocks or mutual funds are the best long-term investment... that's up from 15 percent who felt that way one year ago...
Real estate tops the list in this poll - with 29 percent saying that's the best long-term investment... 28 percent say savings accounts or CDs ... and 14 percent say bonds.
This poll also shows wealthier and college-educated Americans prefer stocks and mutual funds for long-term investing... while those with lower incomes and no college education prefer savings accounts or CDs.
There are several reasons why Americans might be a bit more confident in Wall Street these days.
For one thing, the stock market is much stronger now - with the Dow Jones Industrial Average closing at 11,205 points yesterday... up from a low of 6,547 in March of 2009 at the height of the financial crisis. That's an impressive gain of 71 percent in little more than a year.
Also, people may be more confident because they believe the government will soon have more oversight when it comes to Wall Street.
As we reported last hour in the Cafferty File - two-thirds of Americans support stricter regulations for banks and financial institutions.
So in case there are a few extra bucks in your pocket as the economy starts to show signs of recovery...
Here’s my question to you: If you had an extra $10,000, would you invest it in the stock market?
Interested to know which ones made it on air?
John in San Antonio, Texas writes:
Absolutely not. Buy something tangible, such as land. At least you can grow something to eat.
Chris in Atlanta writes:
I have no qualms about putting money into the stock market. I just raised my 401k contribution by 50%. If you have been sitting out of the market for the last year, you missed a tremendous investment opportunity.
Jeremy in Michigan writes:
After seeing today's Goldman Sachs nonsense, probably not. Wall Street is apparently only for elites.
The market can stay irrational longer than I can stay solvent, Jack.
Pat in Michigan writes:
Yes, but only in a company that is American with products made in America by American workers.
Harvey in Florida writes:
No way. Too much psychology involved. Stock market performance is about projected future earnings. It is no longer about tangible assets like plant/property/equipment or finished goods. I rather buy or upgrade my home and keep the rest in an FDIC bank.
No. Could anyone guarantee me that my money was not going to the side they were setting up and betting against?
Karl in San Francisco writes:
I don't have that $10,000 but I can probably scrape up $1,000 or $2,000 to invest and just might do it. A few shares here and a few shares there and maybe I can do well as the economy comes back. It is coming back and I better move soon or forget it. Thanks for the idea.