Fond manageri pesimistični i sjede na cash-u
On Wednesday, Merrill Lynch (MER) released its monthly survey of fund managers for October. The survey covered 172 fund managers with $531 billion under management. Merrill called the survey “one of the most pessimistic” ever.
Here are some highlights:
* The number of managers believing the global economy is in recession jumped to 69% - from 44% in September.
* Sixty percent of managers believe the global economy will weaken over the next 12 months - up from 37% in September.
* The number of managers overweight cash increased to 49% - up from 36% in September.
* Forty-three percent of managers think global equity markets are undervalued - up from 15% in September. The October number is a 10 year high.
Puno je novca "on the sidelines" i kada krene, rally će biti jak.
Samo je pitanje, koliko će se još market istitrati i iskorigirati uračunavajući recesiju. Kao contrarian indikator, zanimljiv je ovaj nivo pesimizma.
Post je objavljen 17.10.2008. u 15:23 sati.