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'Dangerous optimism' has the stock market on the brink of euphoria, Bank of America warns

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Investors might have to 'kiss double-digit S&P 500 returns goodbye' if the extreme optimism continues, BofA said.

Wall Street strategists are exhibiting"dangerous optimism" that has not been seen since August of 2007, according to Bank of America's sell side indicator.

"For the first time since 2011, the indicator's output for expected total returns over the next 12-months has dropped to single-digits," BofA said.

 

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