15/11/17

Bank Of America: “This Is A Clear Sign Of Irrational Exuberance”



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Bank Of America: "This Is A Clear Sign Of Irrational Exuberance"
// Silver For The People

zerohedge.com / by Tyler Durden / Nov 14, 2017 9:26 AM

The latest monthly Fund Manager Survey by Bank of America confirmed what recent market actions have already demonstrated, namely that, as BofA Chief Investment Strategist Michael Hartnett explained, there is a "big market conviction in Goldilocks leading to capitulation into risk assets" while at the same time sending Fund managers' cash levels to a 4-year low, and pushing "risk-taking" to a new all-time high, surpassing both the dot com and the 2007 bubbles.

BofA's takeaways from the survey, which ....

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