By now everyone has a prediction about where the S&P 500 Index (SPX) is going to be heading in the future. Most of the sell side and their ilk are all rolling out the green bullish carpet and predicting that a major bull run is right around the corner.
If you are a contrarian investor by nature and tend to sell when others are buying this will be of great interest to you. When retail investors are buying and the professional sell side is quickly reducing their long equity exposure we get increasingly more bearish.
This recent report was accompanied by some eye opening charts......
View report and charts courtesy of Bank of America Merrill Lynch
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Showing posts with label BAC. Show all posts
Showing posts with label BAC. Show all posts
Tuesday, August 6, 2013
Thursday, February 18, 2010
Meredith Whitney: Investors Don't Realize What's About To Hit The Banking Sector
Discussing the bigger challenges the banks must face this year, with Meredith Whitney, Meredith Whitney Advisory Group founder & CEO.
Labels:
BAC,
banks,
financials,
Meredith Whitney,
stochastics
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