Investor confidence nosedived over the last month as uncertainty over the fiscal cliff and potential tax and spending cuts took its toll on wealthy investors.
Posting its largest month-to-month drop since June 2011, Spectrems Affluent Investor Confidence index, which reflects the opinion of those with over $500,000 in net worth, fell 11 points, to -13, its lowest point so far in 2012. Millionaire investors alone reported an eight point drop to -6.
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