Oct 26, 2007

Mark Hulbert: "Odds continue to favor the bulls" (2007)

Consider the latest readings of the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended equity exposure among a subset of these timers. As of Thursday's close, the HSNSI stood at just 7.7%. In other words, the average short-term market timing newsletter is now almost completely out of the stock market.

The bottom line? Anything can happen. But, from the perspective of a contrarian analysis of sentiment among investment newsletters, odds continue to favor the bulls.

~ Mark Hulbert, "Air sickness. Commentary: Market's volatility making timers skittish; that's bullish," MarketWatch.com, October 26, 2007

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