An Extremely Bullish Sign Courtesy Of Wall Street Analysts

If you’re looking for a nice, fresh batch of charts, head on over to Stone Street Advisors, where @dutch_book has posted a whole bunch of good ones on the economy, markets, and so on.

This one is pretty great.

It’s from BofA, and it’s an index showing levels of bearishness and bullishness among sell side analysts.

Not surprisingly, periods of extreme sell-side bullishness are near market tops, and the opposite is true as well.

At the moment, sellsides are as bearish as all get out, and so… it’s probably good news for stocks.

chart

Photo: BofAML

Anyway, check out the rest of the charts over at Stone Street Advisors >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.