Dan Sullivan Has Given Up on the Stock Market Rally
Dan Sullivan, editor of The Chartist newsletter, who became bullish a couple of months ago, has now gone to 100% cash. This according to Mark Hulbert at Marketwatch, who says Sullivan is the top timer for the last three decades.
Sullivan didn’t ride the recent rally very long and got into it a little late, so he didn’t profit much from it. There was no reason provided for his u-turn on the direction of future stock prices.
Source:
http://www.marketwatch.com/story/top-performing-newsletter-now-completely-in-cash?siteid=yhoof
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