In support of the argument that much of Wall Street is underinvested, consider the chart above. (We showed this last month as well). It not only asset managers, but analysts as well who are not all that enamored with equities.
As I have been asserting since 2009, this is the most hated rally in wall street history. It appears that lack of enthusiasm continues to be a source of fresh energy.
BofA/ Merrill Lynch
Sell Side Indicator
September 04, 2012
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.