Investors Putting Cash to Work Despite Concerns Over Profits and Growth

Despite a global fear of deflation, Chinese economic slowdown to multiyear lows, massive debt of emerging market countries, overvalued stock markets, timid economic growth around the world, multiyear low oil prices, etc; a new survey out by Bank of America Merrill Lynch says that investors are increasingly returning to the markets. The survey found that 17% of respondents said they were overweight on cash holdings, down from 28% from last month.  It was also found that average cash positions fell to the lowest level in six months at 4.5%, down from 5% in December.  Right off the bat, we can…