The latest Bank of America / Merrill Lynch survey of investment managers came out on Tuesday and it showed incredibly low allocations to equities, high allocations to cash, and overcrowding in the long treasury trade. “This sentiment survey shows that Institutional Investors are extremely negative, having horded cash preparing for market weakness. To us, this is a very positive market indicator. It shows that too much cash has built up on the sidelines and if the market starts to move up, these managers will be forced to buy in”, said Bryan Anderson, Market Strategist for Beck Capital. To read the complete story, click here.