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Looking Into 2011, Everyone Is Bullish On Stocks
Posted By Barry Ritholtz On December 22, 2010 @ 3:29 pm In Psychology,Video | Comments Disabled
This is what I was referring to Monday on Fast Money: Too many folks are too bullish…
In the interview, Jim Bianco mentioned that corporate cash levels at nearly $2 trillion is not that far out of line with its historical average; Jim also challenges the argument that bond fund investors holding Treasuries and will be rotating back into stocks.
Lastly the interview noted that Goldman Sachs Asset Management Jim O’Neill’s forecast that stocks could gain 20% in 2011. O’Neill’s call is now nearly a consensus call.
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