20.10.2011 - Investors are most bearish since 2009, Merrill says

Global asset allocators turned the most bearish on equities and commodities since 2009 as Europe’s debt crisis prompted investors to once again raise cash levels, a Bank of America Corp. survey showed. A net 7 percent of the 286 respondents, who together manage $739 billion, said they were “underweight” stocks this month, compared with 5 percent in September, according to a survey from Bank of America’s Merrill Lynch unit..............................................Full Article: Source

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