---
title: Wall Street biggest bear (BofA's Harnett) turns bullish as investors' sentiment turns extremely bearish (which is bullish from a contrarian perspective)
description: Indeed, with the S&P down in five of the past seven weeks, BofA's Bull & Bear Indicator just printed at 1.9 (extreme bearish), which according to Hartnett means that a contrarian buy signal for risk assets has been triggered.
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Wall Street biggest bear (BofA's Harnett) turns bullish as investors' sentiment turns extremely bearish (which is bullish from a contrarian perspective)](https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-b44160cf)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Oct 23, 2023, 12:27:36 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-b44160cf)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2025-10-15T09:57:17.496Z",
  "datePublished" : "2023-10-23T12:27:36Z",
  "headline" : "Wall Street biggest bear (BofA's Harnett) turns bullish as investors' sentiment turns extremely bearish (which is bullish from a contrarian perspective)",
  "image" : {
    "@type" : "ImageObject",
    "height" : 302,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/1698004775894.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-b44160cf",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```