Top Bank of America analyst: Three big dangers to stocks in early 2013
From All Star Charts:
Mary Ann Bartels, technician at Bank of Ameria/Merrill Lynch, is out with her 2013 outlook. Although she is still bullish on equities going into early next year, she points to three reasons why there is a risk of a bear market in excess of a 20% decline beginning in 2013.
The first is the divergence in the advance/decline line. While the S&P 500 has made new price highs, the advance/decline line for both the S&P 500 and NYSE has…
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