There are so many bearish calls and so much negative sentiment that now is the time to buy stocks, some analysts and strategists have advised. But Philippe Gijsels, the head of research at BNP Paribas Fortis Global Markets, thinks the opposite is true.
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Many investors missed the 2009 rally because they could not see a reason to buy, and those trying to buy the market now risk the same fate in the opposite direction, Gijsels told CNBC.com.
”There are certainly more bears than a couple of months ago," he said in a telephone interview. "However, we should also not forget that the rally from the March lows last year was the most hated and non-believed rally in history.” read more
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