There’s no point in hiding it, it’s been all over the news. The bear market is supposedly upon us but some refuse to believe and actually think that if you ignore the most recent happenings, you may end up with a gain. Here’s what today’s article had to say, “Bank of America Merrill Lynch’s proprietary “Sell Side Indicator” — the average recommended equity allocation of Wall Street strategists — puts Wall Street’s bullishness at a 13-month low. In fact, pessimism is even more extreme than at the market lows of March 2009. In true contrarian fashion, this is positive for U.S. stocks , BofA Merrill says — to the tune of a 22% total return over the next 12 months.” To read more, CLICK HERE.
Ignoring The News May Benefit You
- by Bob Mitchell