BAML SURVEY: Stocks haven’t been this overvalued since right before the tech bubble burst (SPY, SPX, TLT, TLO)
|09/18/2016||Posted by BusinessMediaguide.Com under General World News||
Investors who think stocks and bonds are overvalued are in a record majority compared with those who think they’re not, according to Bank of America Merrill Lynch.
On Tuesday, the bank published results of its Global Fund Manager Survey. On net, 54% of respondents said the combined valuation of both asset classes is close to an all-time high.
The overvaluation of stocks is the highest since May 2000, the survey found. The tech-heavy Nasdaq lost nearly 78% of its value between March 2000 and October 2002 as the tech bubble burst.
“Investors see an unambiguous vulnerability to ‘bond shock’ among risk assets, with read more >>>