Poll: Optimists Reign
When asked what the market rally means, a full 60 percent of 93 respondents so far say the boom in stock prices during the first half of 2003 is a sign that things are improving (see LR Index Led Rally in 1H 2003 for details). The skeptics take a back seat, with 28 percent of survey respondents calling the increase a "total fluke." Only 11 percent believe it is the result of "Manipulation at the hands of corrupt Wall Street professionals."
Results to another question, however, show that the optimism is tempered. When asked how things are faring at their own company, 57 percent of respondents said that things have merely stabilized. Only 19 percent said that things have improved, and 25 percent say things have gotten worse.
In describing what's going on in the industry, 66 percent of respondents think this is just part of the industry getting back to normal after the bubble collapse. A startling 31 percent say the industry remains a "total mess."
Thirty-seven percent of respondents think the global economy holds the keys to the industry's future.
Bottom line? Many would like to believe the signs of recovery they're seeing, but our respondents see the industry recovery as a laborious process -- and one that doesn't help everyone.
What do you think? Click here to add your views.
— Mary Jander, Senior Editor, Light Reading