BofA Warns Bull Market Capitulation Has Begun as Bears Surrender

Here comes another sign that the few remaining bears are finally giving up.

Investment flows going into stock funds worldwide jumped to $24 billion in the week to Jan. 10 - the sixth largest weekly inflows ever - while $13 billion went into corporate and emerging markets bonds, according to strategists at Bank of America Merrill Lynch, who said the data show the market is reaching “maximum bullish” levels.