Sell Side Consensus Indicator Still Extremely Bearish

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.

 

 
Previously:
Strategists Most Bearish on Equities since 1985 (August 1st, 2012)

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

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