By Jay Heflin - 07/09/10 04:18 PM EDT
A daily index that tracks investor confidence fell six points on Friday to its lowest level in 2010 as fears of an economic slowdown continue to mount.
Friday’s drop in the Rasmussen Investor Index is 28 points below the high-water mark reached in May. The confidence level has not been that low since nearly a year ago, when the economy was considered to be in greater peril.
Only 9 percent of respondents in the poll rated the economy as good or excellent, while another 55 percent said it is getting worse.
The index’s Friday reading was 77.5. Anything above 100.0 would indicate investor confidence is high.
The index reached a record high on Jan. 7, 2004, with a 150.9 reading. Its lowest reading was 52.5 on March 9, 2009.