Mark Hulbert: Aden Sisters Advise Selling All Equities

• Tweet
• Pin It

Mark Hulbert was interviewed on CNBC and asked to give his opinion on whether the market was close to bottoming. Hulbert mentioned the Aden sisters, who have a great track record, advised subscribers of their Aden Forecast to sell all equities; both foreign and domestic.

However, Hulbert added he hasn’t seen the level of capitulation from bullish advisors that would lead him to believe a bottom is in.

Carl Quintanilla asked Hulbert to give a prediction on the level he believed the market would reach before finding a bottom.

Hulbert would only venture to say that the actual bottom rarely occurs on the day of the panic selling, but usually happens weeks or months after the event. Hulbert mentioned a similar drop occurred in November 2008, but the bottom wasn’t registered until March 2009. He added that the actual bottom is normally uneventful.

Hulbert is waiting for short-term market timers to throw in the towel which he indicated would be a positive contrarian signal.

• Tweet
• Pin It

Related Posts

• 

  Jeff Saut Sees Big Year-end Rally
  Jeff Saut Sees Big Year-end Rally
• 

  Brett Arends Says Investors Can Successfully Time the Market
  Brett Arends Says Investors Can Successfully Time the Market
• 

  Mark Hulbert Notes Sell Signal From Key Indicator
  Mark Hulbert Notes Sell Signal From Key Indicator
• 

  Mark Hulbert Comments on Statistical Basis for Selling in May
  Mark Hulbert Comments on Statistical Basis for Selling in May