This bank says it's time to go long robots, short human beings

Analysts at Bank of America Merrill Lynch (BoAML) have a new vision of the future.

Their tech analysts favour "innovative hardware, the socially mobile consumer and cloud collaboration as their big 2014 themes" and see increasing use of robots.

A BoAML note released today observes that as the use of robots accelerates, this technology is contributing to a reduction in the number of manufacturing jobs.

As we've noted before, that you can be replaced by a robot is not necessarily a bad thing.

More generally BoAML is "long tech but wary of the close correlation between internet stocks and central bank liquidity."

As many market watchers are expecting major central banks to begin tightening policy, with the Federal Reserve announcing the beginning of tapering in December, tech stocks could now be exposed.

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