BoA Asks: Are We On The Edge Of Market Euphoria?

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. Wall Street Is Now Ruled By Physics PhDs, Not Traders Can Coach Inc (COH) Become The…