BofA's Michael Hartnett pushed his Bull & Bear gauge to a sell signal and laid out the post-bubble trade he says has worked since 1929.

BofA's Michael Hartnett pushed his Bull & Bear gauge to a sell signal and laid out the post-bubble trade he says has worked since 1929.

Michael Burry says the market has "jumped the shark" and resembles past bubbles. But a valuation indicator from Reflexivity suggests the bull market may still have room to run.

The post-bubble investor roadmap is long bonds (10-year yield down ~50bps in 6 months after market tops), and long defensives, and equity sectors which dramatically underperformed…