why wall street rarely says sell
DESCRIPTION
You will rarely hear big Wall Street firms telling you to sell. Doesn't that seem curious? Why are they so keen on telling investors to "hold".TRANSCRIPT
Mullooly Asset Management October 2013
Wall Street Rarely Says “Sell”
Mullooly Asset Management PodcastOctober 16, 2013
Mullooly Asset Management October 2013
Buy-Sell-Hold Ratings
Companies in S&P 500 index (SPX) in September 2013
Data includes more than 11,000 individual buy-sell-hold ratings gathered from Wall Street analysts for the companies in that index
Mullooly Asset Management October 2013
What’s Alarming
95.3% of the ratings are “hold” or higher
Just 2.2% of the ratings are in the “sell” category
Just 4.3% more are rated a “weak hold”
Mullooly Asset Management October 2013
Why That’s Alarming
93.5% are “hold” or higher in the ratings but…
Nearly half of these stocks (45%) have poor technical scores
That means 275 out of 500 stocks in the S&P 500 are “technically sound”
Mullooly Asset Management October 2013
Focusing on Strong Technical Attributes
Helps us to avoid situations like we’ve seen with Blackberry recently
Blackberry March 2011 – violated its bullish support line
($57 a share)Never got back above resistance line againOctober 2013 - $8 a share
Mullooly Asset Management October 2013
None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management.
This video is NOT a recommendation to buy or sell any of the securities mentioned here.
If you’re relying on a podcast for investment advice, you are likely making a huge mistake.
We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment.
Mullooly Asset Management October 2013
Mullooly Asset Management, LLC
support (at) mullooly (dot) net
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