In this video, we'll review whether a stock market crash is coming and whether the bear market is here.
The latest BofAML Fund Manager Survey is out and provides an interesting look into just how pessimistic asset managers remain. The most important takeaways, in my opinion, are the strong overweighting to cash and now crowded positioning in emerging markets.
The allocation to cash is now at its highest level since January '09. I keep saying this, but again this is not how long-term market tops are formed. For a significant bear market and/or market crash,