BAML Survey Addresses "Trojan Lehman"

As professional fund managers are holding the highest level of cash since the 2008 Lehman bankruptcy, a Bank of America Merrill Lynch survey points to a “Trojan Lehman,” indicating the high cash levels could be a contrarian buy signal and the current economic situation is “a complete contrast to 2008.”

BAML: Gold has reached "under-valuation" as Fed moves down risk concern list

As the bank’s Risk & Liquidity indicator falls to three years lows, gold has reached its first “under-valuation" reading since August of 2009 and investors having shifted out of commodities and into bank stocks.

In the firm’s Global Fund Manager Survey, the bank’s report indicates the eurozone currently carries the most significant...