Tags: Hulbert | timer | bullish | stocks

Hulbert: Top Market-Timing Newsletters Bullish on Stocks

By    |   Monday, 16 June 2014 10:01 AM

If you believe in following the advice of skilled market timers, you might want to buy stocks now.

The five investment newsletters with the best track records of calling turns in the market over the past decade see stocks rising, Mark Hulbert, editor of Hulbert Financial Digest, writes in The Wall Street Journal.

The top five come from more than 200 newsletters tracked by the Digest. The quintet on average recommends that investors allocate 83 percent of their portfolios to stocks now, with the rest going to money markets.

Editor’s Note:
New Warning - Stocks on Verge of Major Collapse

The entire newsletter universe tracked by the Digest on average recommends a 66 percent weighting in stocks.

The winning five includes Contrarian's View, edited Nick Chase; the Almanac Investor, edited by Jeff Hirsch; The DowTheory.com, edited by Jack Schannep; Timer Digest, edited by Jim Schmidt; and the Chartist, edited by Dan Sullivan.

The winners acknowledge that the market might be overdue for a correction, but "far more money has been lost by investors trying to anticipate corrections than has been lost in all the corrections combined," Schannep told Hulbert, quoting legendary money manager Peter Lynch.

"The top performers for any period, from as short as the past 12 months to as long as the past 20 years, are bullish," Hulbert writes.

"What's more, the 10 percent of market timers with the worst records — when measured over all time periods from short to long term — are quite bearish right now, both in their own right and relative to the top-performing timers. To be out of the stock market right now, you therefore have to bet that those timers who in the past have been most wrong are now uncharacteristically going to get it right."

Major stock indexes hit record highs last Monday before sliding for the rest of the week. Monday, stocks mostly hovered between small gains and losses through much of the day as traders monitored the conflict in Iraq and considered its potential impact on oil prices.

Some investors are concerned about the military conflict in Iraq. "There's a lot of potential uncertainty surrounding the situation in Iraq," Joe Bell, senior equity analyst at Schaeffer's Investment Research, told Bloomberg.

"Any time you have conflict around the world, and especially there, where we've withdrawn troops from just in the past year, it can cause some nervousness."

Editor’s Note: New Warning - Stocks on Verge of Major Collapse

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If you believe in following the advice of skilled market timers, you might want to buy stocks now.
Hulbert, timer, bullish, stocks
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2014-01-16
Monday, 16 June 2014 10:01 AM
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