Schwab's frequent traders see a U.S. recovery over the next 12 months

Broker Charles Schwab (SCHW) recently asked its elite "active trader" clients how they see the economy shaping up. It found that a majority (54%) said they're now feeling bullish enough about business and the stock market that they expect a recovery within 12 months. Another 18% of these high-net-worth clients who make 36 or more trades a year believe the economy could recover in as little as six months.

With such a large percentage of active traders feeling optimistic about the economy, it's not surprising that nearly two-thirds (63%) plan to increase their trading activity in the next six months as well. These are among the results of the latest Charles Schwab Active Trader Sentiment Survey, released on Tuesday. Conducted in October, the survey collected responses from nearly 300 traders.