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
***
Related Posts
One Comment
Leave a Reply
-
Resource Equities Allocations Increased in the SMA PortfolioThe broad sell-off today in worldwide equity markets due...
- February 25, 2020
-
Vanguard Energy ETF Added to the SMA PortfolioFear and volatility were high today with renewed Coronavirus...
- February 24, 2020
-
Costamare Added to the SMA PortfolioFears of a worldwide economic slowdown due to the...
- February 21, 2020
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
Anonymous
May 23, 2010 at 5:15 am
The bounce will be quite powerful.