Investors most bullish since February as they shun 'bear market rally' fears

W- or U-shaped recovery predicted

James Baxter-Derrington
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A net 46% of investors surveyed now say "it's a bull market" as opposed to a "bear market rally"
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A net 46% of investors surveyed now say "it's a bull market" as opposed to a "bear market rally"

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 (BofA).

A net 46% of investors surveyed now say "it's a bull market" as opposed to a "bear market rally" (35%), while the BofA Bull & Bear Indicator has risen to 3.7, which is still "far from excess bullish"....

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