Dan Sullivan Advises Investors Go to 100% Cash
Mark Hulbert, who tracks newsletter sentiment, says, ”we’re seeing one of the fastest trips from the bull side to the bear side that I’ve seen in years.” The average newsletter writer is only recommending a 20% exposure to equities.
Dan Sullivan, who has one of the best records amongst the newsletter writers, recently advised his clients to shift to 100% cash.
SMA Comment: This kind of negative sentiment is setting the market up for a pretty good bounce, way beyond the 100 Dow points we had late Friday. However, it looks to be a dismal summer for equities.
Source: Fast Money Rapid Recap
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Anonymous
May 23, 2010 at 5:15 am
The bounce will be quite powerful.