The Sell Side Indicator is based on average recommended equity allocation of Wall Street strategists as of the last business day of each month. It has historically been a reliable contrary indicator.
Source: Merrill Lynch/BoA
According to Merril Lynch/BoA, Wall Street’s bearishness is still as bad as it was at the market lows of March 2009.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
Source: Merrill Lynch/BoA
According to Merril Lynch/BoA, Wall Street’s bearishness is still as bad as it was at the market lows of March 2009.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
