BoA Asks: Are We On The Edge Of Market Euphoria?
Rupert Hargreaves2021-05-14T03:02:35-04:00
Are We On The Edge Of Market Euphoria?
On the same day that Goldman Sachs reported that traders are increasing their protection against volatility, and the VIX call/put ratio has spiked to one of the highest levels since the great financial crisis, Bank of America Merrill Lynch’s regular Sell Side Indicator report proudly proclaimed that “the bulls are back” as its sell-side indicator -- a measure of Wall Street’s bullishness on stocks-- rose by 2.4 percentage points to 56.4 its highest level since 2011.
Author
Rupert Hargreaves
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk
