A record 78% of investors think the stock market is overvalued, Bank of America says

MarketsInsider/Carmen Reinecke/6-16-2020

“A record number of investors think that the stock market is ‘overvalued,’ according to Bank of America’s June Fund Manager survey. Net 78% of investors said that the stock market is too expensive, the most since the fund manager survey began in 1998, Bank of America said Tuesday. The firm surveyed 212 fund managers with $598 billion under management during the week ending June 11.”

USAGOLD note:  Wall Street’s pros think the market is on shaky ground.  Main Street, if reports are to be believed, is oblivious ……