Hartnett: Bigger Retail, Bigger Liquidity, Bigger Volatility, Bigger Bubble

One week after Michael Hartnett reported that most of Bank of America's Sell signals had been triggered, to wit...

• BofA FMS Cash Rule: cash as % AUM in FMS 3.9% = sell signal…average SPX loss in following most from 15 "sell" signals since 2011 = 2%;

• BofA Global Breadth Rule