Professional and individual investors have long had a hard time beating the broader market. And, says Mark Hulbert, the rise of computer trading programs may be making it harder than ever. Hulbert writes in The Wall Street Journal that it’s been “nearly impossible lately” for investors to consistently beat index funds, and just as difficult […]
Read moreArnott Still Sees Low Returns Ahead
While stocks have been climbing higher, fundamental indexing guru Rob Arnott of Research Affiliates hasn’t changed his outlook for the coming decade — and it’s not an optimistic one. In a recent column for MarketWatch, Mark Hulbert looks at a forecasting model Arnott uses that has been highly accurate over the past century-plus. The model […]
Read moreTime To Shift Away From Junk Stocks?
The Federal Reserve’s quantitative easing and loose monetary policy continues to rule the day, allowing “junk” stocks to continue to outperform higher-quality shares. But that won’t last forever, says MarketWatch’s Mark Hulbert, and investors should start preparing their portfolios for a reversal. Junk stocks, which tend to have the most inconsistent earnings and highest risk […]
Read moreSobering Market Timing Stats
With the Dow Jones Industrial Average recently — and finally — eclipsing its 2007 high, many investors have been wondering when the bull market will end. But in a column for Barron’s, Mark Hulbert has a message for them: Be very, very careful if you’re trying to pick the top. Hulbert looked at returns since […]
Read moreWhy The “Great Rotation” May Not Be As Bullish As You Think
The “Great Rotation” — the expected move that investors will, at some point, make from bonds to back to equities — has been used as a reason to be bullish on stocks. But Mark Hulbert says that reasoning may be flawed. “I suppose it is conceivable. But a careful review of historical fund patterns doesn’t […]
Read moreModel That Predicted Rebound Now Sees Slightly Subpar Returns Ahead
Mark Robertson, whose market projections have been quite accurate over the past four years, says the next four years are likely to be slightly below average for the stock market. According to MarketWatch’s Mark Hulbert, Robertson’s model is based on the projections of Value Line analysts regarding the total returns that 1,700 widely followed stocks […]
Read moreStocks Getting Ahead Of Themselves? Not From Long-Term View
With 2012 having been a surprisingly good year for stocks, many investors are taking money off the table as 2013 begins, thinking the market has gotten ahead of itself. If that’s your rationale for selling stocks, think again, says Mark Hulbert. “Should you celebrate your unexpected good fortune by taking money off the table?” Hulbert […]
Read moreLarge-Caps in December, Small-Caps in January
MarketWatch’s Mark Hulbert says investors should think about focusing on large-cap stocks for the rest of the year, though it has nothing to do with the fiscal cliff or the aging of the bull market. Instead, it has to do with institutional money managers’ incentive structures. “Consider a money manager who, at the beginning of […]
Read moreDo Confidence Gains Mean More Market Gains?
Consumer confidence remains tepid but has been rising, recently hitting its highest level in four years. Is that good news for stocks? MarketWatch’s Mark Hulbert says no. Hulbert analyzed three decades worth of confidence data and stock returns, and found that the biggest monthly jumps in confidence tended to be followed by sub-par stock returns, […]
Read moreWhy Election-Driven Stock-Picking Is Dangerous
While many investors and pundits are no doubt considering what the impact of the Presidential election will be on stocks, MarketWatch’s Mark Hulbert says not to get caught up in the speculation. “In most cases, the evidence shows an individual company’s prospects over the next several years will be determined far more by what happens […]
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May 16, 2013 






