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.


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