Investors are hoarding their biggest piles of cash since the financial crisis ? and Bank of America has a surprising take on what that means for the market's future
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Treasury
Bank of America Merrill Lynch's
BAML
Business Insider
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Michael Hartnett
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the Great Recession
Summary
According to Bank of America Merrill Lynch's fund-manager survey for February, the rotation into cash lifted traders' overweight position to its highest level since the Great Recession in January 2009. Bank of America Merrill Lynch This rotation to cash happened at the expense of stocks.
As said here by Akin Oyedele