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Market Watch: Full Capitulation! Fund Managers Have Never Been This Pessimistic on Growth or Profits

 

Article by Steve Goldstein in Market Watch

Fund manager pessimism has never been greater, according to a fresh monthly survey showing both attitudes and allocations at recessionary levels.

Bank of America’s monthly poll of global fund managers, released Tuesday, showed all-time lows in both the percent expecting a stronger economy and those that expect profits to improve. The survey series dates back to 1994.

Optimism is worse than during the …

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