November 29, 2020 5:43 am

BofA: One Of The Best Market Indicators Is Predicting Another 30% Return For Stocks

Bank of America Merrill Lynch‘s contrarian Sell Side indicator, which gauges Wall Street’s sentiment toward stocks, climbed to 47.3 in March.  However, it’s still at a level that reflects extreme bearishness. Here’s an excerpt from BAML’s report (emphasis ours): Indicator’s expected 12-month total return is +28% With the S&P 500’s indicated dividend yield above 2%, […]

Ex-Citi Trader: I Learned More In One Year Of Photographing Prostitutes, Than In 20 Years Working On Wall Street

Former Citigroup forex trader Chris Arnade has an incredibly moving and raw blog post about leaving his Wall Street career to pursue photography full-time in Hunts Point (Gawker has also posted it here). In the post, he talks about how he spent his spare time outside of the office learning the stories of dealers, addicts, prostitutes […]

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