Why all of this bearishness could actually be great news
The best investor news I've heard in a long time is that the M.B.A. geniuses who run the world's pension funds now hate the stock market with a vengeance. According to BofA Securities' latest comprehensive survey, global investment managers are now at historic generational levels of bearishness and gloom. Bank of America surveyed around 300 wealth managers around the world who manage around $900 billion in assets.
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