Four Commentators Who Have Been Bullish and Right

By on March 24, 2010

The Reformed Broker highlights four market watchers who have been correct in their assessment of the market over the past year. They include Jeff Saut, Raymond James Strategist; Barry Ritholtz, The Big Picture (Blog); Bob Doll, BlackRock Chief Equity Strategist; and Michael Santoli, Barron’s Columnist.

Source: The Reformed Broker
***

2 Comments

  1. Dividend Inc. Team

    March 24, 2010 at 8:12 pm

    On August 11, 2009, in an article titled "It's a Dow Theory Buy Signal: Time to Sell?" (On SeekingAlpha.com) Jeff Saut said:

    "…[F]or months we have opined that if a Dow Theory “Buy Signal” was eventually registered that so much energy would have been expended in achieving it the major market averages would likely be a “sell” on the event. And here we are, a Dow Theory “Buy Signal” has finally been registered and by our pencil so much energy has indeed been used to accomplish it we think the equity markets are a short-term “sell.”"

    Although it was an indication for the short term and may have been changed shortly thereafter, I find that Mr. Saut's use of Dow's Theory was inaccurate at the time as well as in other instances.

    Even the great Dow Theorist Richard Russell has grudgingly acquiesced to the idea that the indications were bullish, according to Dow Theory, even though he thought that the rise had been more fabricated than anything else.

    (http://www.marketwatch.com/story/story/print?guid=0260762F-2BAA-480C-B5D1-1F27ED735C7B)

    I would say that Mr. Saut hasn't been as accurate as I would have liked, whether bullish or bearish.

    Just had to put my two cents in on the matter of Mr. Saut's application of Dow Theory. Thanks for a great site.

  2. stocksystm

    March 25, 2010 at 4:17 am

    Thanks for pointing out Saut's record with regard to Dow Theory. Your input is always welcome and enlightening.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>