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Sign of a stock market top: investors' stock holdings at 2009 high
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Thursday, July 02, 2009
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From Newsmax:

U.S. fund managers' exposure to stocks rose to the highest level this year in June, encouraged by growing evidence the economy is coming out of its worst recession in decades, a Reuters poll showed on Tuesday.

Based on 12 U.S.-based fund management firms interviewed between June 16 and 29, firms held an average of 62.5 percent of their assets in equities, up from 61.6 percent a month earlier and 60.6 at the start of the year.

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