Are you a bearish pro or a bullish Joe? Last week we showed you a chart from BlackRock displaying just how poorly the average (Joe) investor’s performance is. This week, as though to confirm that sad discovery, Bank of America Merrill Lynch has put out a chart showing that the bullish activity in stocks is being driven by average Joes. Meanwhile, the pros are heading for the exits in rapid fashion.

pros vs joes


Chart via Zero Hedge