Deep thoughts from S&P Capital IQ Chief Equity Strategist Sam Stovall: “If everybody’s optimistic, who is left to buy? If everybody’s pessimistic, who’s left to sell?”
In 2012, the best-performing sector was Financials. In prior years, everyone hated real estate and bank stocks so much that they couldn’t possibly hate it any more.
When all the experts and forecasts agree, something else is going to happen.
If you bought the 10 stocks in the S&P 500 with the most sell ratings at the beginning of the year, equally weighted, you would have been up 75%…
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