Dash for cash as most investors expect drawn-out recovery: BofA survey

LONDON - Investors have been hoarding cash at a rate not seen since the immediate aftermath of the 9/11 attacks of 2001, BofA’s April fund manager survey showed, as the coronavirus roiled global financial markets.

With coronavirus cases fast approaching the 2 million mark globally, and many countries extending lockdown periods to contain the spread of the disease, investors have been wary of holding risky assets. The sharp deterioration in stock markets and economic forecasts have led 52% of the investors surveyed to believe the recovery would be U-shaped. Only 15% were expecting a V-shaped recovery, with the rest seeing it W-shaped.

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Wont be king for long.... HYPERINFLATION

hell its about time they surveyed bofa

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