“Fade The Rip”: BofA Warns “Bear Market Far From Over Unless We Escape A Recession”

“Fade The Rip”: BofA Warns “Bear Market Far From Over Unless We Escape A Recession”

“Have we hit the bottom?”

Ask 100 traders what their biggest concern about the market is right now, and that will be the answer roughly 100 times. And while the frazzled bulls will be quick to point to the recent massive surge as proof positive the lows have been hit, those with actual market experience such as Nomura will tell you that what we have seen in recent weeks is nothing but a massive short squeeze.