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Bubbles, Bubbles, Everywhere…
Barnaby Martin is out with the results of BofAML's latest credit investor survey and as usual, there are some notables.
For one thing, no one thinks stocks can fall. And indeed, why should they? As we noted on Tuesday in "2 Remarkable S&P Stats," the S&P is about to set a record for most consecutive calendar months with a positive total return and also a record for most consecutive months overall with a positive total return. And that's against Deutsche Bank's data going back 90 years.
