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Early notes from the BAML fund manager survey shows respondents at their most bullish in 2 years...

Early notes from the BAML fund manager survey shows respondents at their most bullish in 2 years and the most overweight banks since 2007. Allocations to eurozone equities are the highest in 5 years. The BAML read was notable for much of 2012 for showing extreme bearishness among fund managers, but had turned optimistic at the end of the year.
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Comments (12)
  • hoosier89
    , contributor
    Comments (6) | Send Message
     
    Last time fund managers turned this positive on banks good things did not follow. Maybe "it's different this time."
    15 Jan 2013, 08:38 AM Reply Like
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    As you know it is never different.....Ever.
    15 Jan 2013, 11:03 AM Reply Like
  • ComputerBlue
    , contributor
    Comments (821) | Send Message
     
    Hmm..time for us to get bearish? The capital has to flow somewhere.
    15 Jan 2013, 10:35 AM Reply Like
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    That is the strongest sell signal in months...time to act.
    15 Jan 2013, 11:02 AM Reply Like
  • moseslarsen
    , contributor
    Comments (415) | Send Message
     
    I am 36% in cash and headed further that direction...
    15 Jan 2013, 11:37 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    The market is always wrong. :)
    15 Jan 2013, 11:42 AM Reply Like
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    Really?.....I though it was always right....regardless of everything and anything.
    16 Jan 2013, 11:40 AM Reply Like
  • Willy Graves
    , contributor
    Comments (87) | Send Message
     
    Sounds like they're looking in the rear view mirror.
    15 Jan 2013, 12:05 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (2656) | Send Message
     
    TIME TO SELL lololol
    15 Jan 2013, 12:28 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2061) | Send Message
     
    Indeed, it is indeed extremely bullish.

     

    Look, folks, any negatives, they are immediately discounted and mitigated. With the Obama Plunge Prevention Team (OPVT) on full alert 24x7, there is no fear, at all.

     

    We will have massive borrowing, massive deficits, massive immigration, massive amnesty, massive newer mortgages, the sky is the limit!

     

    1890 all over again!
    15 Jan 2013, 12:45 PM Reply Like
  • Robert Duval
    , contributor
    Comments (4546) | Send Message
     
    Why not. Stocks are dirt cheap; rampant public skepticism; massive short positions; mountains of cash on the sidelines, unlimited QE, improving economy, no inflation.

     

    All from CNBC. I hang on every word!
    15 Jan 2013, 03:13 PM Reply Like
  • fatfat
    , contributor
    Comments (145) | Send Message
     
    YES, stocks are cheap just like the paper money one buys them with.. the real deal is GOLD!
    15 Jan 2013, 08:35 PM Reply Like
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