Why Wall Street Rarely Says Sell

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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".

Published in: Economy & Finance, Business
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Why Wall Street Rarely Says Sell

  1. 1. Mullooly Asset Management Podcast October 16, 2013 Mullooly Asset Management October 2013
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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 again  October 2013 - $8 a share Mullooly Asset Management October 2013
  6. 6. 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
  7. 7. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management October 2013

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