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Commentary: Despite Thursday, top market timing newsletters remain bullish


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#1 Russ

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Posted 27 July 2007 - 05:40 PM

http://www.marketwat.....BEA920643430}

From Mark Hulbert - www.Marketwatch.com

Bob Brinker's Marketimer: Bullish. In his most recent issue, which was published in early July, editor Bob Brinker reported that his stock market timing model remained solidly in bullish territory. "A strong case can be made for a move into the S&P 500 index 1600's range as we move forward and investors begin to discount operating earnings growth potential into 2008 ... We do not expect to see a cyclical bear market anytime soon."

Blue Chip Investor: Bullish. Editor Steven Check last updated his market timing opinion this past Monday. At that time, his valuation model showed stocks to have a higher expected return over the next year than corporate bonds, and so his market timing model is in bullish territory. His model no doubt would reach the same conclusion even more strongly in the wake of Thursday's market action.

The Chartist, and the Chartist Mutual Fund Letter: Bullish. Both letters are edited by the same advisor: Dan Sullivan. The newsletters are The Chartist and The Chartist Mutual Fund Timer. In a hotline posted on his website after the close on Thursday night, Sullivan wrote: "Despite the damage (inflicted by Thursday's trading session), our models remain in positive territory. Continue to maintain current positions."

Timer Digest: Bullish. Editor Jim Schmidt bases this newsletter's market timing model on a consensus of the newsletters he calculates to be the top market timers. His most recent market timing update was posted before the market opened on Thursday. In that update, he reported that his consensus of the top ten based on performance over the last 52 weeks is bullish, with 6 bulls, 3 bears, and 1 neutral. His consensus of the top 10n for performance over the last two years is also bullish, with all 10 bullish.

The bottom line? There are no guarantees. But, on the theory that the best long-term performers are more likely than not to be right, their bullishness in the face of Thursday's sharp drop has to be a source of some solace right now.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#2 traderpaul

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Posted 29 July 2007 - 10:14 AM

http://www.marketwat.....BEA920643430}

From Mark Hulbert - www.Marketwatch.com

Bob Brinker's Marketimer: Bullish. In his most recent issue, which was published in early July, editor Bob Brinker reported that his stock market timing model remained solidly in bullish territory. "A strong case can be made for a move into the S&P 500 index 1600's range as we move forward and investors begin to discount operating earnings growth potential into 2008 ... We do not expect to see a cyclical bear market anytime soon."

Blue Chip Investor: Bullish. Editor Steven Check last updated his market timing opinion this past Monday. At that time, his valuation model showed stocks to have a higher expected return over the next year than corporate bonds, and so his market timing model is in bullish territory. His model no doubt would reach the same conclusion even more strongly in the wake of Thursday's market action.

The Chartist, and the Chartist Mutual Fund Letter: Bullish. Both letters are edited by the same advisor: Dan Sullivan. The newsletters are The Chartist and The Chartist Mutual Fund Timer. In a hotline posted on his website after the close on Thursday night, Sullivan wrote: "Despite the damage (inflicted by Thursday's trading session), our models remain in positive territory. Continue to maintain current positions."

Timer Digest: Bullish. Editor Jim Schmidt bases this newsletter's market timing model on a consensus of the newsletters he calculates to be the top market timers. His most recent market timing update was posted before the market opened on Thursday. In that update, he reported that his consensus of the top ten based on performance over the last 52 weeks is bullish, with 6 bulls, 3 bears, and 1 neutral. His consensus of the top 10n for performance over the last two years is also bullish, with all 10 bullish.

The bottom line? There are no guarantees. But, on the theory that the best long-term performers are more likely than not to be right, their bullishness in the face of Thursday's sharp drop has to be a source of some solace right now.

Market turns on a dime, those guys can't......
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay