Naz News, Gappers and FLE's

[twelvebuttons]

By Barry Ritholtz - August 20th, 2009, 10:48AM
Interesting results of Merrill’s Monthly Manager Survey: It seems that most managers are very upbeat about the economy and the state of corporate health:

• Cash balances plunge to 3.5%, lowest since July’07;

• Highest equity allocation (34% from 7%) since Oct’07;

• Bond allocation (-28% from -12%) lowest since April’07.

• Tech (28%) is the most favored sector everywhere;

• 75% believe the world economy will strengthen in the coming 12 months (highest reading since November 2003 and up from 63% in July).

• 70% of the panel respondents expect global corporate profits to rise in the coming year, up from 51% last month.

• Confidence about corporate health is at its highest since January 2004

While I keep hearing about cash on the sidelines,. the professionals seem to be “All In.”