{"id":40740,"date":"2018-11-20T08:41:57","date_gmt":"2018-11-20T13:41:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40740"},"modified":"2018-11-20T08:41:57","modified_gmt":"2018-11-20T13:41:57","slug":"bank-of-america-selling-will-continue-big-low-for-stocks-is-yet-to-come","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40740","title":{"rendered":"Bank of America: Selling Will Continue, \u201cBig Low\u201d For Stocks Is Yet To Come"},"content":{"rendered":"

Bank of America: Selling Will Continue, \u201cBig Low\u201d For Stocks Is Yet To Come<\/a><\/h3>\n
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Many economists and financial analysts have said that the economy isn\u2019t doing as well as the talking heads on TV are proclaiming. And now, even the Bank of America says it\u2019s time to prepare for an even lower stock market, as that hasn\u2019t come yet.<\/p>\n

The recent stock market slide may look bad, but it wasn\u2019t bad enough to indicate that the damage has been completely done, according to Bank of America Merrill Lynch. That means it will only get worse as we have yet to hit \u201cthe big low.\u201d<\/p>\n

Even after a day when the\u00a0Dow industrials lost 602 points<\/a>\u00a0and as the Nasdaq tech barometer remains in correction territory,<\/a> indications of a bottom remain elusive, the bank said in its latest survey of professional investors. \u201cWe [Bank of America Merril Lynch] remain bearish, as investor positioning does not yet signal \u2018The Big Low\u2019 in asset markets<\/strong>,\u201d Michael Hartnett, BofAML\u2019s chief investment strategist, said in a statement.<\/p>\n

The sharp decline that began in mid-October continues to chip away at the stock market and\u00a0it\u2019s causing some to put out warnings that we should be prepared for a crash<\/a>. In such cases, Wall Street strategists look for signs that sellers are exhausted and the market has reached sufficiently low levels as to indicate a bottom. And the concerns are global.<\/p>\n

According to NBC News<\/em>,<\/a> a net 44 percent of respondents see global growth decelerating over the next year, representing the worst outlook since November 2008. As part of that, a net 54 percent see China slowing down, which is the highest level of pessimism in two years. Global\u00a0earnings growth expectations<\/a>\u00a0are at their lowest levels since June 2012.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bank of America: Selling Will Continue, \u201cBig Low\u201d For Stocks Is Yet To Come Many economists and financial analysts have said that the economy isn\u2019t doing as well as the talking heads on TV are proclaiming. And now, even the Bank of America says it\u2019s time to prepare for an even lower stock market, as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3038,1849,6489,6490,2443,860],"class_list":["post-40740","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-america","tag-financial-markets","tag-mac-slavo","tag-shtfplan-com","tag-stock-markets","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40740"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40740\/revisions"}],"predecessor-version":[{"id":40741,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40740\/revisions\/40741"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}