Wall Street money managers fear another crisis

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Wall Street money managers don’t have the intestinal fortitude they once had, according to a recent study.

The New York Post reports that the chaos in Greece, the bedlam in China and a weakening US economy have spooked the moneymen into a very defensive stance, according to our interpretation of last week’s BofA Merrill Lynch Fund Manager Survey data.

And despite the VIX or fear index closing at 12.02 — a near record low — how fear is measured is part of the underlying scientific analysis of markets.

All stock-market rallies need fuel. Cash is that fuel; it is also the support that cushions any short-term declines in the markets.

To access the complete New York Post article hit the link below:

Wall Street is scared of crisis: survey

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