The index of wide market S & P 500 shows a good momentum in recent years.The main trigger for the shares were the grown up oil prices - on AMarkets materials.
But a nice rebound S & P500 does not inspire clients Bank of America - they sell portfolios for 15 weeks. This is an absolute historical record for the bank, if you count the longest period of sales.
The graph - net investment in US stocks on the part of clients Bank of America:
In recent months, sales have been more intense than in the crisis in 2008, 2011 and 2013 years. Most of the sales (and this is important!) Is done by institutional players. The greatest blow fell on the small and medium-sized companies as well as companies from the raw materials and energy segments. Nevertheless, analysts BAML in no hurry to conclude that the current situation - a bearish sign, hinting at the approach of the correction. Perhaps this return signal, which indicates that the approaching end of the sale. Soon investors will resume buying.