Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.
How bad is the mood out there right now? Try max bearish.
So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied partly on earnings optimism but also as some see all this gloom as a contrarian buying signal. Wednesday’s action is looking a bit more choppy.