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

A record net 78% of investors said that the stock market is overvalued, according to Bank of America's June Fund Manager Survey, released Tuesday.

While Wall Street might be past"peak pessimism," June optimism remains"fragile, neurotic, nowhere near dangerously bullish," wrote BofA's Chief Investment Strategist Michael Hartnett and investment strategist Shirley Wu in the survey. A record number of investors think that the stock market is"overvalued," according to Bank of America's June Fund Manager survey.

While Wall Street might be past"peak pessimism," June optimism remains"fragile, neurotic, nowhere near dangerously bullish," wrote BofA's Chief Investment Strategist Michael Hartnett and investment strategist Shirley Wu in the survey. whipsawed The nature of stocks' surge from the coronavirus rout is in question — a majority 53% of fund managers surveyed say that the market rebound from March lows is a"bear market rally," while 37% believe it is a new bull market.

Yet it keeps going up.....the drop will be spectacular

Thought it was closer to 99 percent

yeah, so go buy bonds or stay in cash and watch it rot

Facts it is

Our research says it will possibly be more overvalued later this year. Follow our research at Markets

Yes still 2018 year it's too overvalued

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Source: CNBC - 🏆 12. / 72 Read more »