SUMMARY: Stock market permabears forever warn about a crash, and for good reason. It makes for reliable marketing because the stock market declines multiple times per year, on average. Soon after making their predictions, the permabears can often say they told us so. What they leave out is that their advice costs investors who follow […]
Category Archives: Stock Market Forecasts
Here Comes the Stock Market Knee-Jerk
Sam Wang at Princeton Election is going to be eating a bug, after all. He’s the poll aggregator who assigned a greater-than-99% chance of Hillary Clinton winning the presidency, who wrote at Twitter on October 19: “It is totally over. If Trump wins more than 240 electoral votes, I will eat a bug.” Bon appetit, […]
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Just Normal To and Fro
The following is from this year’s Note 29 of The Kelly Letter, which went out to subscribers last Sunday morning. The simple allocation in our three tiers works well through various market environments because we own asset classes that do not correlate. This is the only distinction that matters. Diversification among different types of stocks, […]
Ignore All Forecasters
The following is from this year’s Note 17 of The Kelly Letter, which went out to subscribers last Sunday morning. Two weeks ago in this space, we got a kick out of Dennis Gartman of the Gartman Letter saying on “Fast Money” that he became scared ahead of what he saw being a “long-awaited and […]
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Bulls and Crises
The following is excerpted from yesterday’s Kelly Letter: One outfit thinking we’re entering a bullish half-year at least is Birinyi. They fired off two bullish notes on Friday, one showing that the S&P 500 is up more than 20 pct in the past 78 trading days, a situation that’s happened only 15 times since 1945. […]
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