Tuesday, December 3, 2013

Survey Says...Investment Managers Have Never Been More Exposed

Courtesy of our friends at Sentiment Trader, we present the following chart showing the most recent NAAIM (National Association of Active Investment Managers) survey results. And striking those results are, as they show the average active manager to be levered long and very confident about that bet. Charts like this remind us that if this rally continues it will not be because of a current lack of broad participation.

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