The wealthy may be bearish on the economy, but they're bullish on stocks.
A new survey from Spectrem Group found that 55 percent of American millionaires plan to put money into stocks this year, up from 45 percent in 2010.
When asked which sectors they plan to invest in, the millionaires ranked tech first. Next came health care followed by pharma. This may be due in part to the average age of the millionaires: a health-care intensive 63 years old.
This doesn't mean that the wealthy are entirely sanguine about the economy and the market. Their least favorite sectors are construction, autos and transportation – the very sectors that are supposedly leading the recovery.
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