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Sell Side Consensus Indicator Still Extremely Bearish

Posted By Barry Ritholtz On April 1, 2013 @ 11:30 am In Contrary Indicators,Sentiment | Comments Disabled

Click to enlarge
Source Merrill Lynch



I’ve shown this chart several times over the past year, but its worth repeating: The Street remains very bearish by historical standards.

Note this is not at all a short term indicator; and does operate with a bit of a lag.


Strategists Most Bearish on Equities since 1985 [2] (August 1st, 2012)

Equity sentiment ticks up in March
Savita Subramanian, Dan Suzuki, Alex Makedon, Jill Carey
Merrill Lynch, April 1, 2013

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[2] Strategists Most Bearish on Equities since 1985: http://www.ritholtz.com/blog/2012/08/strategists-most-bearish-on-equities-since-1985/

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