"People want to get as much distance as possible from the financial system," he says. "They want to be in control of their financial matters. People no longer trust in the markets."In India, where the growing middle class seems perfect for stocks, people were pulling out even before the economy deteriorated in recent months. Indians dumped 15 percent of their holdings in the five years after the crisis.
AP IMPACT: Families Hoard Cash 5 Yrs After Crisis
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.