Photographer: Alain Grosclaude/Agence Zoom/Getty Images Twenty-five percent of the respondents to the latest BofA Merrill Lynch Fund Manager Survey think equity markets are overvalued. Another 13 percent “believe that ‘equity bubbles’ are the biggest tail risk markets are facing.” That’s interesting, especially since both numbers are up a lot from previous months. And it’s definitely interesting that 84 percent think bonds are overvalued.
Read the media headlines about the results, though, and they are made […]
