Wall Street Bullishness Is Becoming a Contrarian Sell Signal

Bloomberg2021-03-02

(Bloomberg) -- Stock market optimism among Wall Street strategists has risen close to levels that signaled trouble for equities in the past. A Bank of America measure of their bullishness is near a ...

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Comments

Cyou2
2021-03-02
Cyou2
Lol
- Cyou2:
  Lil
Mccoy
2021-03-02
Mccoy
Sentiment is bullish
Tigal80
2021-03-02
Tigal80
yes yes yes
NGBROStonks
2021-03-02
NGBROStonks
Good time to buy in during rally
- Tigal80:
  yes yes yes
revilo
2021-03-02
revilo
Sell?
- s33b:
  huat ah
NGBROStonks
2021-03-02
NGBROStonks
Good time for changing hands

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The gauge assesses the average recommended allocation to equities by sell-side strategists and is very close to triggering a sell signal, a team including Savita Subramanian wrote Monday.\n“The last time the indicator was this close to ‘Sell’ was June 2007 after which we generally saw 12-month returns of minus 13%,” the strategists said, adding even current levels signal below-average equity returns over the next year. “We‘ve found Wall Street bullishness to be a reliable contrarian indicator.”\nLast week’s worries about the impact of higher bond yields on stocks evaporated Monday, with U.S. equities notching their biggest advance since June. Optimism is evident from the record amount of cash poured into stock ETFs in February as investors bet additional fiscal stimulus and the Covid-19 vaccine rollout will supercharge growth.\nThe S&P 500 is up about 4% so far this year and some 32% over the last 12 months. 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is bullish","listText":"Sentiment is bullish","text":"Sentiment is bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365021092","repostId":1177120200,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":362771187,"gmtCreate":1614674748649,"gmtModify":1704773844154,"author":{"id":"3575390834397772","authorId":"3575390834397772","authorIdStr":"3575390834397772","name":"Tigal80","avatar":"https://static.tigerbbs.com/86f76710483a16eae0642572ffa5f1be","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575390834397772"},"htmlText":"yes yes yes&nbsp;","listText":"yes yes yes&nbsp;","text":"yes yes 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yes"}],"langContent":"EN"},{"id":362748001,"gmtCreate":1614673493303,"gmtModify":1704773830880,"author":{"id":"3576745346027676","authorId":"3576745346027676","authorIdStr":"3576745346027676","name":"revilo","avatar":"https://static.tigerbbs.com/e8fe4c0f37051ba9e5b6bbb0ad5994d9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576745346027676"},"htmlText":"Sell?","listText":"Sell?","text":"Sell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/362748001","repostId":1177120200,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3705139,"gmtCreate":1614770508153,"gmtModify":1680778992843,"authorId":3564224494282146,"author":{"id":3564224494282146,"authorId":3564224494282146,"name":"s33b","avatar":"https://static.tigerbbs.com/b3484419756587d83eb5379844c79371","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":362748001,"type":1,"supId":0,"prevId":0,"content":"huat <u>ah</u>","text":"huat <u>ah</u>","html":"huat <u>ah</u>"}],"langContent":"EN"},{"id":362741692,"gmtCreate":1614673461116,"gmtModify":1704773831526,"author":{"id":"3574089975947711","authorId":"3574089975947711","authorIdStr":"3574089975947711","name":"NGBROStonks","avatar":"https://static.tigerbbs.com/ee6fc1f4273c191b67a896515806b0f1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574089975947711"},"htmlText":"Good time for changing hands","listText":"Good time for changing hands","text":"Good time for changing hands","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362741692","repostId":1177120200,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":21,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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