Saturday, October 31, 2009

Mark Hulbert: A Stealth Bull ?

Mark Hulbert who tracks stock market newsletters highlighted some interesting points:

Dow at 9962 points, stock market timers advised their clients to allocate only 19.4% to equity, almost 80% out of market.

Many were very quick to take profit, when the market dropped by 3.3% maximum started a few weeks ago, they cut equity exposure from 42% to 19%. Interesting.

Such eagerness to get out of stocks in the face of only a modest pullback is an indication of just how strong the wall of worry is right now.
(click on this link if you want to read the whole article)

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