Thursday, January 17, 2013

Wall Street Sell Side Indicator is Mega Bullish

BAML's survey of Wall Street consensus equity allocations indicates significant bearishness. This is a contrarian indicator, and the current low levels suggests equities will rise 26% in the next 12 months.  The indicator is 47; when its below 50, returns the next year have been positive 100% of the time since 1985.