Might be different in the US.
"Average cash balances have fallen to 3.4 percent, the lowest reading since mid 2007 and down significantly from 4.0 percent in December. Appetite for equities is strong. A net 52 percent of asset allocators are overweight equities, up sharply from a net 37 percent in December."
Watch Out Investor Bullishness Hit A Four Year High In January
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- we should be buying with our ears pinned back
we should be buying with our ears pinned back, page-20
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