Bank of America says another stock market indicator flashing bullish, highest in 18 months

<p>Bank of America refers to the number of stocks where consensus earnings estimates have risen is advancing relative to the number where estimates have fallen.</p><p>BoA have their proprietary Global Earnings Revision Ratio, its rise is bullish for stocks, particularly for firms closely tied to economic cycles:</p><ul><li>its ratio rose to 0.90 in August from 0.77</li><li> highest level in 18 months</li><li>the ratio rose most notably in the US and Japan</li></ul><p align="left">
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This article was written by Eamonn Sheridan at www.forexlive.com.