Bank of America Corporation (BAC) stock forecasts.

Summary

The stock market continues to rise, with the S&P 500 (SPX), the S&P 100 (OEX) and the NYSE Composite setting new all-time highs almost daily, and the Nasdaq and the Nasdaq 100 (QQQ) inching closer to all-time highs. Yet it remains surprising that general market sentiment/optimism has not shot to the moon. Yes, some sentiment indicators have entered extremely bullish territory, but many have not. This leaves us looking for reasons why. Some of the sentiment indicators that show outright pessimism include hedge fund exposure, OEX Open Interest Ratio, OEX Put/Call (P/C) Ratio, and Small Trader Put Buying. On the other end of the spectrum, the CBOE Equity-Only P/C ratio is one of the few indicators that is quite bullish. Meanwhile, the NAAIM Exposure Index, the ISE Equity Call/Put Ratio, the AAII Bull Ratio, the CNN Fear & Greed Index and the Conference Board Monthly Survey show optimism – but not to an extreme degree. A coinciding sentiment, the Nasdaq 100 Combo Hedgers Position, shows very low futures exposure by the smart commercial hedgers – and is therefore potentially negative for