I have shown this graphic repeatedly in the past, but given
today’s rally, we might as well trot it out one more time:  The
Sell Side Indicator — Merrill’s measure of Wall Street’s
bullishness on stocks — rose by 2.8pt in January to 49.8. This
is now an eight month high and the fifth time in six months that
the indicator has improved after hitting all-time lows in July
at 43.9.  The S&P 500 has risen 10% in the six months since
sentiment bottomed. Historical returns are typically up 24% and
46% in the 12 and 24 months that follow such as bottom.
following.    Bank of America/ Merrill Lynch Sell Side
Indicator, February 1, 2013  Category: Analysts, Contrary
Indicators, Investing, Psychology   16 Responses to “Wall St.
Feeling Better but Far from Bullish”    1. Pantmaker says:
Awesome baby…YEAH…’ Merica!!!!    2. mad97123 says:
Interesting how the bullish % just kept increasing all through
the 2000 crash. And the biggest drop occurs with the biggest
rally. Let’s hope the next leg up in bullishness occ