Economy Has Angels Pulling Back

And unfortunately, most angels (40.3 percent) believe that the current market conditions won’t lift until 2010. Only 15.2 percent thought the market would recover by the second quarter of 2009, with 35.9 percent estimating it would take until foruth quarter next year. The least optimistic (8.7 percent) believe times will be tough until 2011 or later. That’s pretty grim considering that angels tend to be optimists.