Bank of America Issues NEW WARNING

Wall Street

Bank of America’s (NYSE: BAC) Michael Hartnett says…

That he sees the big stock market rally followed by a BIG collapse.

Hartnett predicted the selloff in stocks last year, so just in case he’s right again…

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In a new note to clients…

Michael Hartnett said he’s not convinced this is the start of a “brand-new shiny bull market,” and that the current market looks more like 2000 or 2008, with a “big rally before big collapse.”

But BEFORE that collapse…

He said stocks can stay higher until the Fed “reintroduces fear” by a higher target for interest rates and unemployment rate exceeds 4% in a recession signal.

Now, I’m not sure if he’ll be proven right or not.

He did predict the selloff in stocks last year – but his February call that the S&P 500 would drop to 3,800 by March 8 failed to materialize.

But no matter if his new call is right or not, the truth is…

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