| Question 4: | On June 8th, the annual yield on 10-year Treasury bonds was 5.4%. | ||||||||
| a. Best Guess: Over the next 10 years, I expect the S&P 500 will average a ______annual return | b. Best Guess: During the next year, I expect S&P 500 to return ______% | c. High range: During the next year, there is a 1-in-10 change the S&P return will be higher than __% | d. Low range: During the next year, there is a 1-in-10 change the S&P return will be lower than __% | ||||||
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Industry | Retail & Wholesale | 9.21 | 19 | 6.84 | 19 | 11.79 | 19 | 0.00 | 19 |
| Mining/Construction | 10.38 | 8 | 6.00 | 8 | 13.50 | 8 | 0.13 | 8 | |
| Manufacturing | 9.13 | 85 | 5.85 | 83 | 13.84 | 83 | 0.26 | 83 | |
| Transportation & Energy | 9.71 | 7 | 4.14 | 7 | 12.50 | 6 | -0.33 | 6 | |
| Communications and Media | 9.54 | 12 | 6.73 | 11 | 11.73 | 11 | 1.55 | 11 | |
| Tech (software/Biotech) | 8.93 | 15 | 5.27 | 15 | 11.93 | 14 | -3.00 | 14 | |
| Bank/Finance/Insurance | 8.57 | 23 | 6.91 | 23 | 14.93 | 23 | 2.30 | 23 | |
| Other | 9.28 | 36 | 6.07 | 36 | 13.06 | 36 | 0.06 | 36 | |
| NR | 11.33 | 3 | 6.00 | 3 | 16.67 | 3 | 11.67 | 3 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Revenues | $0-24 million | 8.33 | 40 | 6.56 | 39 | 11.86 | 37 | 0.50 | 38 |
| $25-99 million | 9.41 | 60 | 5.37 | 59 | 12.09 | 58 | 0.65 | 57 | |
| $100-499 million | 9.67 | 49 | 6.44 | 49 | 13.64 | 49 | -1.44 | 49 | |
| $500-999 million | 8.10 | 15 | 5.91 | 14 | 12.00 | 16 | 0.50 | 16 | |
| $1-4.9 billion | 9.48 | 29 | 6.21 | 29 | 17.57 | 28 | 3.36 | 28 | |
| $5 billion and over | 11.14 | 7 | 4.86 | 7 | 17.14 | 7 | -7.14 | 7 | |
| NR | 8.69 | 8 | 7.00 | 8 | 12.88 | 8 | 6.00 | 8 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Size | Less than 100 | 8.68 | 34 | 5.87 | 34 | 13.69 | 32 | 0.94 | 33 |
| 100-499 | 8.92 | 71 | 5.95 | 69 | 10.74 | 68 | 0.13 | 67 | |
| 500-999 | 9.97 | 30 | 7.51 | 30 | 14.57 | 30 | 0.70 | 30 | |
| 1000-2499 | 8.94 | 24 | 5.65 | 23 | 13.46 | 24 | -2.90 | 24 | |
| 2500-4999 | 9.46 | 14 | 6.08 | 13 | 14.15 | 13 | 1.23 | 13 | |
| 5,000-9,999 | 9.69 | 16 | 4.82 | 17 | 19.59 | 17 | 3.24 | 17 | |
| Over 10,000 | 10.38 | 12 | 6.17 | 12 | 15.17 | 12 | -1.17 | 12 | |
| NR | 8.86 | 7 | 5.86 | 7 | 12.57 | 7 | 5.29 | 7 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Hq. Location | Northeast | 9.17 | 52 | 5.55 | 52 | 12.81 | 51 | -0.13 | 51 |
| Midwest | 9.71 | 7 | 5.00 | 7 | 12.67 | 6 | 0.00 | 6 | |
| South Atlantic | 9.44 | 71 | 6.30 | 70 | 14.86 | 70 | -0.32 | 71 | |
| Mountain | 9.05 | 22 | 6.73 | 22 | 12.91 | 22 | 0.14 | 22 | |
| South Central | 9.20 | 15 | 6.57 | 14 | 14.14 | 14 | 1.43 | 14 | |
| Pacific | 9.06 | 31 | 6.03 | 30 | 11.77 | 30 | 1.72 | 29 | |
| NR | 8.20 | 10 | 5.55 | 10 | 11.10 | 10 | 4.20 | 10 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Ownership | Public, NYSE | 10.24 | 29 | 5.54 | 28 | 17.68 | 28 | 0.68 | 28 |
| Public, NASDAQ/AMEX | 8.50 | 21 | 5.76 | 21 | 13.26 | 21 | 0.00 | 21 | |
| Private | 9.05 | 155 | 6.18 | 153 | 12.50 | 151 | 0.47 | 151 | |
| NR | 12.17 | 3 | 6.50 | 3 | 18.33 | 3 | -1.67 | 3 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Foreign Sales | 0% | 8.89 | 74 | 5.73 | 73 | 13.03 | 73 | -0.48 | 73 |
| 1 - 24% | 9.05 | 91 | 5.99 | 89 | 12.57 | 89 | -0.11 | 88 | |
| 25- - 49% | 10.36 | 22 | 5.66 | 22 | 13.24 | 21 | -1.00 | 21 | |
| 50 - or more | 9.92 | 13 | 7.46 | 13 | 19.54 | 13 | 6.12 | 13 | |
| NR | 9.56 | 8 | 8.50 | 8 | 16.14 | 7 | 9.00 | 8 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |
| Average | No. Responding | Average | No. Responding | Average | No. Responding | Average | No. Responding | ||
| By Dividends | Yes | 9.25 | 67 | 6.47 | 65 | 15.14 | 66 | -0.42 | 66 |
| No | 9.09 | 130 | 5.73 | 128 | 12.27 | 126 | 0.53 | 125 | |
| NR | 10.41 | 11 | 7.25 | 12 | 15.45 | 11 | 3.92 | 12 | |
| Average | 9.21 | 208 | 6.06 | 205 | 13.38 | 203 | 0.42 | 203 | |