(Business Times, July 15)INVESTORS have turned bearish in their outlook for the global economy and corporate earnings and are shifting from equities into bonds, according to a global survey of fund managers.

A total of 202 fund managers managing a total of US0 billion participated in the global survey.

The survey also shows that investors are scaling back their positions in equities and shifting into bonds in the past two months, even though they acknowledge that equities are increasingly undervalued and bonds increasingly overvalued.

http://www.businesstimes.com.sg/alltheheadlines/0,4985,,00.html?

Big investors and small investors are alike, they still run like hell away from something is undervalued and charging ahead that they know is overvalued.