Investors 'most bullish since February' as they shun bear market fears: BoA survey

Investors are at their most bullish since February but are still predicting other forms of recovery over the V-shape, according to the latest global fund manager survey from Bank of America (BoA). A net 46% of investors surveyed now say "it's a bull market" as opposed to a "bear market rally" (35%), while the BoA Bull & Bear Indicator has risen to 3.7, which is still "far from excess bullish". Despite the turn in sentiment, few investors anticipate a V-shape recovery (17%), with the W-shape (37%) and U-shape (31%) far ahead, and although conviction in early-cycle business cycle is sti...