Time to sell? Survey finds fund managers optimistic

Updated

Uber-investor and Berkshire Hathaway (BRK) CEO Warren Buffett famously cautions that investors should "be fearful when others are greedy and greedy when others are fearful." So what does that say about a new survey from Merrill Lynch that found fund managers are more optimistic about the global economy than they've been since 2003?

A net 75 percent of the managers surveyed said they believed the world economy will strengthen in the coming year, while 70 percent believe corporate profits will rise over the next 12 months, Merrill Lynch said in a statement. Cash balances are shrinking as the managers pour money into stocks, they said.

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