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Is there an index that measures millionaires' sentiment and whether they are optimistic or pessimistic? The answer is yes. It is called the Spectrem Millionaire Investor Index.
The next question naturally is: "So what are the millionaires thinking about the economy?" The news is not good. The index fell 18 points to a -20 in June, a record decline since the index was created in 2004. Plus the index fell 17 points in May. A range of -11 to -30 indicates a slightly bearish sentiment. It's likely that millionaires underwent a reality check after a bout of over optimism in May.
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