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Strategies & Market Trends : General market lab and commentary -- Ignore unavailable to you. Want to Upgrade?


To: Robohogs who wrote (147)2/15/2016 8:54:10 PM
From: Robohogs  Respond to of 668
 
BAML STUFF.

Indeed, sentiment does appear to have deteriorated substantially. In a Friday note, the Bank of America Merrill Lynch equity strategy team led by Savita Subramanian showed that Wall Street sell-side analysis has become markedly bearish, forming a contrarian "buy" signal.

"It has been a bullish signal when Wall Street strategists were extremely bearish… When our indicator has been this low or lower, total returns over the subsequent 12 months have been positive 95 percent of the time, with median 12-month returns of +24 percent," the team wrote.

Dwyer is quite good too btw in article below. Note the headline vs lots of comments in article.

cnbc.com

Jon