Investor optimism plummets

An index of investor optimism is down 40 points, from 93 to 53, just since the turn of the year:

NEW YORK (Reuters) - Investor optimism fell in August to a new low for the year as investors expressed growing concern about the slumping real estate market, according to the UBS/Gallup Index of Investor Optimism released on Monday.

Optimism dropped to 53 during the month of August, down from 55 points in July and down 40 points since the beginning of 2006. The August reading is the lowest since November 2005.

Looks like I'm not the only one worried about the real estate bubble.