Too Many Harvard MBAs Heading to Wall Street?

According to CNBC’s John Carney Wall Street is still attracting a dangerously high portion of the best and brightest business students.  Which could mean trouble for the stock market.

Although the share of Harvard MBA graduates who took jobs on Wall Street this year shrank to 31 percent, that’s still high enough to trigger a sell signal in the famous Harvard Business School contrarian market indicator…..

If 10 percent or fewer of HBS grads take market-sensitive jobs, that’s a long-term “Buy” signal. If 30 percent or more take those jobs, it’s a long-term “Sell” signal.  For the third year in a row, the indicator has been flashing a big, red "Sell" signal…..

Find out more at http://www.cnbc.com/id/49277409