Блог им. wannatradelikePTJ

The cycle top is fast approaching for European Stocks

According to a recent Bank of America Fund Manager Survey, Europe is now the top pick of managers for the coming twelve months. A record 63 percent of fund managers are allocating their assets toward Europe, up from just 18 percent earlier this year. More than 80 percent see the Euro-area economy strengthening this year, boosted by export growth tied to a 25% plunge in the euro amid fresh quantitative easing by the European Central Bank. “It is as if there is not a single bear left,” said the bank’s European strategist. He followed up with, “Bullishness towards European stocks has reached unchartered territory”.

The best time to liquidate long positions in European stocks is NOW. Still, it's too early to start a bear raid.

The cycle top is fast approaching for European Stocks 

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