Bank of America has a stark message for investors buying the dip

Stocks have bounced off recent lows this week as the market tries to stabilize after the sell-off triggered by the Iran war and rising oil prices. Bank of America is warning investors not to read too much into that rebound. In his March 17 Global Fund Manager Survey note, BofA chief investment strategist Michael Hartnett said the bank's positioning metrics are "far from uber-bear levels seen at recent big lows/good entry points for stocks and credit," per CNBC. In other words, the kind of capitulation tha ...