What a difference a year makes, especially when it comes to the financial markets. The market’s current features are almost the total opposite of how the market looked at this time last year. A year, investors saw no reasonable limit to what they wanted to pay for certain assets, but now, a recent survey indicates many have already battened down the hatches and taken up defensive positioning.
Q3 hedge fund letters, conference, scoops etc
Fund managers are now bearish… a year after extreme bullishness
Bank of America Merrill Lynch released the results of its latest Global Fund Manager Survey this week. Chief Investment Strategist Michael Hartnett said their December survey shows fund managers are “close to ‘extreme bearishness’ this...
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