Fund Managers Are Nearing “Extreme Bearishness”

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…