European Stocks Might Be Getting Too Frothy

One of my favorite reads every month is Merrill Lynch's global fund manager survey.

OK, I admit it. I'm a nerd.

But it can be a treasure trove for investors.

The reason? It tells you where the big money crowd -- the people managing billions of dollars at big pension funds and investment companies -- are placing their bets. These are the people who move the markets. So the information isn't just interesting in its own right. It also can point to opportunities to make money. ...