Wall Street strategists remain bearish, says BofAML
2 October, 2012, 0:22. Posted by Zarathustra
We mentioned a few times that although sell-side is generally bullish, strategists have never been that bearish according to Bank of America Merrill Lynch’s sell-side indicator.
After QE-Infinity was launched, the bearishness as measured by this indicator remains more or less unchanged. According to BofAML, this is a reliable contrarian indicator, and given the persistent bearishness, the indicator is still flashing buy.
Source: Bank of America Merrill Lynch
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.