Global money managers have just turned way optimistic - ominous news for the market, Brett...

|By:, SA News Editor

Global money managers have just turned way optimistic - ominous news for the market, Brett Arends writes. Fidelity's Mark Notkin and Wells Fargo's Margaret Patel, for example, say "the pendulum has swung" from high yield to equities. Merrill Lynch says its latest survey of big fund managers found "market sentiment at its most bullish since April 2010," just before the last big stock slump.