Hedged In

Remarkably, "Big Money" managers surveyed this week by Barron's magazine are unrelentingly optimistic - with 50% saying they're bullish or very bullish about the stock market's prospects through the middle of next year.

This is remarkable because the outlook for the economy is so bad. I wonder what they were thinking 1,000 points higher than here on the Dow? Wonder if they were bullish then.