Hatred of the U.S. stock market is near levels last seen during the financial crisis, according to a Wall Street sentiment measure. And that, ironically, increases the chances the selling is almost over.
Citi Research strategist Tobias Levkovich said his time-tested sentiment model shows there is a 97 percent chance of market gains over the next 12 months. This probability is nearly 20 percent higher than historical average.
[“source -pcworld”]