The Biggest Risk, A Key BTFD Line, And What We ‘Don’t Know’
Ok, BofAML is out with another one of their surveys (they conduct a lot of them) and the results contain some possibly useful tidbits and at least one pretty amusing visual anecdote.
Now one thing to note, before we get into that, is that BofAML's Adarsh Sinha doesn't seem to be as optimistic as his tarot-card-reading colleague Stephen Suttmeier, who was out with this bit of line-based prognostication on Friday:
Scenario 2: Stay above 200-day MA
Above MA through July but stays above the rest
Perhaps add a bar for ‘Prioritize someone* who he knows will benefit him’ would capture some of those ‘Don’t Know’ votes and maybe a few more from the first two (blue and gold bars)!
(* financial experience not required)
– Murphy