…a huge loss in confidence in the U.S. stock market. Two-thirds of respondents (69%) say they're Less Confident in the U.S. stock market than they were 90 days ago—only 7% say they are More Confident.

The immediate repercussion of the crisis on investors is also clear. When we asked respondents where they would be investing more or less money, we picked up a huge outflow from U.S. Stocks (-20), Mutual Funds (-14), and Non U.S. Stocks (-6), and a major inflow into Cash (+24), Gold (+22), Income-Dividend Vehicles (+11), and Other Commodities (+8).

To compound matters, nearly two-thirds (66%) think the overall direction of the U.S. economy is going to worsen over the next 90 days—a huge 27-pt jump since August and the worst reading of the past year.

Clearly, much of this sea change is related to the credit crisis and other recent events in the financial markets. 

In the aftermath of the approval of the bailout bill, our current survey points to continued turbulence in the stock market.  For as the survey shows, we're in the midst of another major leg downward in the consumer-driven economy—with no signs of a turnaround in sight.

One easy way to turn the Alliance survey results into profits is by joining ChangeWave Investing! Tobin Smith provides everything you need—including which stocks to buy, at what price and when it's time to take profits. But don't wait—sign up today for your 90 day risk-free trial subscription by clicking here now!

For more from the ChangeWave Alliance, check out:

• How to Profit From Out-of-Control Inflation
• Doctors Report Slowdown in Medical Spending
• iPhone vs. Blackberry: Consumers Speak Out