RE:Where is the English interim and annual report? The big-money crowd is gambling that stock markets will keep soaring in 2014, that the U.S. dollar will rise, and that bonds, commodities and gold will continue to slump, according to the latest survey by Bank of America Merrill Lynch, which conducts perhaps the most authoritative survey of world money managers.
Money managers are huge bulls on technology stocks, despite a huge rally this year which has lifted the Nasdaq Composite about a third, breaking 4,000 for the first time since the dotcom crash early last decade.
“Global Tech is the most popular sector among investors by far,” reports Bank of America Merrill Lynch, adding that among those polled, a net 48% were overweight technology stocks in their portfolios. It is the second-highest reading in nearly a decade’s data.