Sell-side indicator continues to flash "Buy"


It's the bull market everyone continues to hate ... BAML's sell-side indicator - a contrarian take based on attitudes of strategists - continues to read in extreme bearish territory, suggesting more gains ahead for stocks. The level of bearishness now is actually greater than that of the March 2009 market bottom.

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Comments (6)
  • Devlin McGregor
    , contributor
    Comments (129) | Send Message
     
    If that's the case what good is this indicator? I'm not a mega-bear by any means but seriously. 2009 and now - no difference?
    26 Nov 2013, 01:00 PM Reply Like
  • First1billion
    , contributor
    Comments (101) | Send Message
     
    How an Earth can now and 2009 bearishness be compared? Where is the indicator?
    26 Nov 2013, 05:25 PM Reply Like
  • jumpking
    , contributor
    Comments (5) | Send Message
     
    Go with the market trend! Ride that train, when the station comes get off.
    26 Nov 2013, 02:33 PM Reply Like
  • minecanary
    , contributor
    Comments (1240) | Send Message
     
    Maybe it's measuring where the market should be based on fundamentals rather then Bennie's largesse
    26 Nov 2013, 06:10 PM Reply Like
  • stock_ideas
    , contributor
    Comments (17) | Send Message
     
    Watch this BAML, just in mid September, they were talking about the potential for the market to crash. Now, it is a buy??? So as far as I am concerned, they are nothing better than a coin toss.
    26 Nov 2013, 09:17 PM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    Their indicator suggests that stocks should have been sold in 1998 and not bought again until 2009. I wonder if they did that.
    27 Nov 2013, 12:19 AM Reply Like
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