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Dan Sullivan of "The Chartist" market timing newsletter now fully in cash

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Legend
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Posted: #1
from Mark Hulbert Friday July 10th....
 
ANNANDALE, Va. (MarketWatch) -- Dan Sullivan has thrown in the towel on the stock market's four-month-old rally.

That's bad news, since Sullivan is not just any adviser.

His stock newsletter, entitled The Chartist, is in first place for stock market timing over the last three decades among those newsletters the Hulbert Financial Digest has tracked over this period. And though his mutual-fund newsletter -- The Chartist Mutual Fund Letter -- hasn't been published for all three of those decades, it also is one of the top performers over the years it has existed.

So the bull market has lost a formidable ally.

https://www.marketwatch.com/story/top-performing-newsletter-now-completely-in-cash

 
Legend
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Posted: #2
also more "gloom and doom" from Art Cashin and other CNBC "anal"ysts....
 
Cashin believes the current stock rally will be short-lived (and the "stimulus sucked" https://www.cnbc.com/id/31799792
 

What's the summer outlook for the market? (hedge fund manager) Steen Jakobsen of Capinordic sees a "funeral" coming. https://www.cnbc.com/id/31849903

 

Maria "The Money Honey" Bartiromo  quotes "fund flows" guru Charles Biderman, if I’m a real trader, I’d be short. I went short. We doubled up to fully short this week (the week of June 15). I think this is the time to short the banks. I also think this is the time to short retail and consumer discretionary. And I’m also looking at selling my oil positions, which had been my safe hedge. https://www.cnbc.com/id/31852906

 

with this huge steaming pile of bearshit, could there be a bull someplace? probably NOT right now BUT it DOES set up a "snap roll rally" probably from lower levels.

 
Legend
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Posted: #3

with this huge steaming pile of bearshit, could there be a bull someplace? probably NOT right now BUT it DOES set up a "snap roll rally" probably from lower levels.

 

never fails DOES it? monday and wednesday = screaming rallies esp in the gamers

 
Covers Linesmen
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Posted: #4
The INTC news was what caused this..TECH leading the move higher.

FAZ sniffing year lows, I wonder if those holding are adding or just dealing.


 
Legend
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Posted: #5
more proof that BULLSHIT is the standard currency on the NYSE.....
 
 
same motherfucker that was predicting a wreck a week ago now looking for a "super rally"?
 
Covers Linesmen
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Posted: #6
He really is a flag in the wind..whatever the market is doing is how he comments.

Art is great for a laugh, little more if you ask me.
 
Legend
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Posted: #7
I will say one thing for Art Cashin. he's an absolute scream as a speaker at an event. very funny guy. he could do stand up about the market and probably be a star.
 
btw, the QID is testing it's 52 week low here. time to nibble? anyone with half a brain knows these Goldman "The Gonoph's" Sacks "earnings" are BOGUS. you give ANY corporation 10 BILLION from the feds and another 12 BILLION from AIG (which also came out of TARP funds) and they can show 3 billion in profits AFTER paying another (I heard) 7 BILLION in 'bone-us"
 
Veteran
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Posted: #8

 The rewards of having the Treasury as your company's fiefdom are enormous.

 Perhaps next April 15 you could send your check directly to Lloyd Blankfein...there is one guy who really does like "change." And has the audacity to hope, or should I say expect, more....
 
Legend
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Posted: #9
"now the turkeys are running to the other end of the yard" because of THIS bullshit......
 
thursday july 16th afternoon...
 
"Nouriel Roubini, the economist whose dire forecasts earned him the nickname "Doctor Doom," is now saying that the worst of the economic and financial crisis may be over."
 
 
so the pro's run in all the retail riff-raff shorts that bought into all the bear shit from LAST week
 
the more the market CHANGES the more it remains the SAME as it's been through the ages
 
 
Legend
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Posted: #10
well I guess the market goes higher. THIS from Art Cashin after the close thursday july 16th. "This market is now overbought. There is a chance for a reversal. We may have to extend that checkpoint into next week."
 
old Artie has been a FADE lately (see "head and shoulders" from last week) SO it's probably "Up she GOES"
 
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