Bank of America warns: The risk of a continued increase in the stock market is escalating.

Bank of America suggests that investors should take profit, as about 70% of the bank's bear market warning indicators have been triggered, a level that is consistent with past market peaks. Bank of America points out that overall stock valuations in the US are high, speculative activity in the market is increasing, and the uptrend is becoming increasingly concentrated in a few specific assets. While there are still investment opportunities in individual stocks, the bank is cautious about the overall S&P 500 index and predicts a year-end target of 7100 points.