The CEO Confidence Index stabilized in May after enduring a six-month free-fall starting last fall. The Index is currently at 95.8 points, relatively unchanged since April, according to 334 top executives surveyed by Chief Executive between May 1 and May 11. The stabilization in confidence does not mean, however, that good news is on the horizon. More than half of respondents (56%) said they would describe current conditions as "bad," and 25% said the economy would experience "gradual decline" over the next quarter. CEOs are also pessimistic about investment conditions in the economy, with 26 percent of respondents saying they would characterize current investment opportunities as "bad."