A Bank of America Corp. fund manager survey finds that Investors are piling into cash:

Cash levels among investors hit the highest level since September 2001, the report showed, with BofA describing the results as “extremely bearish.” This month’s survey of investors with $872 billion under management also showed that hawkish central banks are seen as the biggest risk, followed by a global recession, while stagflation fears have risen to the highest since 2008.

If you can believe these surveys, hard data like this is probably the least likely to be manipulative and deceptive. However it is difficult to know whether investors would makes these claims knowingly to convince small investors the market is going in a certain direction, so that they might exploit their knowledge of an opposite trend awaiting.

You can only add this to your overall knowledge store, and try to discern if it comports with the other knowledge you amass in the process.