Bank of America Survey: Nearly 90% of Investors Believe U.S. Stock Valuation is Too High

According to a report by Golden Finance, in the global fund manager survey conducted by Bank of America in February, 89% of the investors surveyed believed that US stocks are overvalued. The survey found that this is the highest level since at least April 2001. Over the past 10 years, an average of 81% of fund managers surveyed have consistently believed that US stocks are overvalued.