In his latest MarketWatch column, Mark Hulbert says a successful timing model is showing that stocks are approaching “buy” territory. Hulbert looks at an approach that moves to an all-cash position whenever the CBOE’s Volatility Index (VIX) rises above its median level of just shy of 20, and buys stocks when the VIX falls back [...]
Read moreFaber: Don’t Expect Too Much From Rally
Marc Faber of the Gloom, Boom & Doom Report says equities may rally in the short term, but he doesn’t think it will be a long-lasting bullish move. “The rally came from a very oversold level,” Faber tells FOX Business Network. “We have a very strong support on the S&P between 1100-1150. And usually the [...]
Read moreHulbert: Prescient Indicator Is Bullish
Mark Hulbert says an indicator with an impeccable track record is now in bullish territory. The indicator: The High Low Logic Index, created by Norman Fosback in the 1970s, when he was president of the Institute for Econometric Research. “The index represents the lesser of two numbers: New 52-week highs and new 52-week lows with [...]
Read moreBogle: Market Is a “Giant Distraction” for Investors in the Short Term
Vanguard founder Jack Bogle says the stock market is a “giant distraction to the business of investing”. Over the long run, he tells Fox Business Network, stock returns depend on how well Corporate America does; but in the short term, stocks have “inexplicable ups and downs” based on people’s opinions — not facts. He says [...]
Read moreDiscipline Crucial, Top Newsletter Editor Says
The Cabot Market Letter is having another market-beating year, and its editor is preaching discipline amid the current market volatility. “Going forward, it’s important to remember to take your cues from the market itself, and not from the headlines that are sure to push the market up and down in the days ahead,” Michael Cintolo [...]
Read moreWien Still Optimistic
Byron Wien says he thinks the stock market will be higher at year-end, and thinks the economy will improve — though not as much as he previously thought. Wien, the vice chairman of Blackstone Advisory Partners, tells CNBC that he thinks Europe will weather its debt crisis. He also says he doesn’t think a third round [...]
Read moreSentiment Plunge A Bullish Sign, Hulbert Says
Mark Hulbert of Hulbert Financial Digest says his index of newsletter sentiment has fallen as low as it did at the market bottom in 2009 — a bullish sign for investors. Hulbert says the average equity exposure among the newsletters is now -20%, meaning the newsletters are recommending a 20% short position in stocks. Given [...]
Read moreBolton: It’s a Buying Opportunity
Top U.K. fund manager Anthony Bolton says the recent tumult in global markets has created a buying opportunity in Asian markets. “I believe the recent stock market volatility reflects a familiar pattern during this bull market of short, but often very sharp set backs, within a bull trend,” Bolton says, according to the Financial Times. He [...]
Read more
January 10, 2012
