A BofA indicator that measures Wall Street stock bullishness is signaling weak 12-month returns

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Bank of America said its contrarian indicator measuring Wall Street bullishness is close to triggering a sell signal.The Sell Side Indicator is at 59.5%, which is near the contrarian sell signal of 60.1%.The current level projects 12-month price returns of 6%, lagging the average forecast of 13% since the financial crisis ended in 2008.
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Bank of America on Wednesday said its measure of equity-investor enthusiasm is signaling