That tells me everything I have to know about Zogby's poll. Are we really expected to believe that fully a third of people who "invested" now don't ("almost half" to 31% would be a third fewer "investors")? Even if people lost trust in the market and put their money *entirely* in government or corporate bonds, they would still be "investors." I suppose in Zogby's sample, a third has taken their money out of the market and put it in their mattress. (I could buy that a small percentage, say 5 or 10%, was so turned off by market losses and/or corporate shenanigans that they put their money in passbook savings accounts or their mattresses, but the idea that a third did is simply unbelievable.)
I agree. That makes no sense at all. Would it not devastate the market to have that many people pull their money out? Wouldn't we have seen it?