From Jeff Clark's Direct Line:

The bullish money managers seem to be divided into two camps...

1. Those who believe the market will stay propped up through the end of the year, thereby cementing big bonuses for big returns, and

2. Those who are ready to hit the sell key at the first sign of sustainable weakness in order to lock in big returns on the year and guarantee a big bonus.

I think the second camp is much larger.

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