According to Market Timer Tim Ord, he see’s in the charts another large decline….
- The market correction and spike on bond yields scared professional investors, according to the February Bank of America Merrill Lynch Fund Managers Survey.
- Investors sliced bond allocations to their lowest level since 1998, with a net 69 percent underweight fixed income.
- Cash allocations rose and exposure to stocks also declined.
Fund managers have sliced bond allocations to the lowest in 20 years as fears grow that the sector poses the biggest threat to markets.