Optimism on U.S. Wanes as Growth Outlook Drops, Merrill Says

Bloomberg – Investors were the most bearish on U.S. stocks in at least four years as money manager scaled back their outlook for global growth and raised their cash holdings, a BofA Merrill Lynch Global Research survey showed.

A net 14 percent of respondents, who together manage about $530 billion, said the U.S. was the region they would most like to have under-represented in their investments, a level not since November 2006. Last month, the same amount said America was the region on which they would most like to have an overweight stance.

Read Complete Article

Related Posts:

1. Long-Term Outlook: Slow Growth And Deflation
2. IBD/TIPP Economic Optimism Index Improving
3. 100 Point and 1% Dow Drops
4. Forex Fundamental Outlook 21-5-09
5. Investment Outlook July 2010 by Bill Gross
6. Country GDP Growth
7. Paul Zane Pilzer Interview – Outlook