The ups and down of the stock market are starting to have an effect on investors' attitude. According to a new Wells Fargo/Gallup Investor survey, 62 percent of all U.S. investors now say they are concerned about the stock market's volatility. In February, before the market fluctuations in late summer and fall, a bare majority of 53 percent expressed concern.
Eighteen percent of U.S. investors now say they are "very" concerned about market volatility, and another 44 percent are "somewhat concerned." Those numbers are both up slightly from 14 percent and 39 percent, respectively, in February.
But the long term still looks pretty good. At the same time, 43 percent of those surveyed now say they have "a great deal" or "quite a lot" of confidence in stocks as a place to save and invest for retirement. That's actually up from 40 percent in February.