A recent Merill Lynch survey reported this:
"There has also been a hike in the numbers of money managers expecting the global economy to worsen. Of those questioned, 72% expected a deterioration in the economic backdrop over the next 12 months, compared with just 11% who thought it would improve. The net difference of around 60% compares with just 5% three months ago."
At least my crabiness preceded the May dive.
The Confused Capitalist