Silver as an investment

Bank of America: “Tick Tock”

zerohedge.com / by Tyler Durden / Jul 28, 2017 3:44 PM

The drums of doom from BofA’s Michael Hartnett (most notorious for his recent prediction of when “the Fed will crash the market“, and warning that “The Most Dangerous Moment For Markets Will Come In 3 Or 4 Months“) are beating louder, and in his latest Flow Show report titled “Tick Tock”, he doubles down on his recent forecast that “positioning is becoming more consistent with autumn top in risk assets”, but more importantly than just making a forecast, Hartnett lays out the key catalysts that would confirm an imminent market “crack”: a dollar swoon (DXY < 90), unambiguous US labor/consumer weakness (payroll <100K) and flatter yield curve.

In terms of recent market moves, Hartnett points out the euphoria still is prevalent, with BofA’s proprietary Bull & Bear indicator now 7.6, edging up toward “sell” level of 8…

… now just shy of euphoria territory:

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