Former Bears’ Take on the Market’s Future

There is an interesting article discussing “Former bears” and their recent bullish views on the current markets.

It makes for interesting reading regarding some contrarian thinkers.

I am thrilled to be on any list that includes Ned Davis, Mark Hulbert, Bernie Schaffer, Jon Markman, Gary Shilling, and Jim Stack:

“Barry Ritholtz: Barry made one of the most accurate bottom calls this past spring; he was bearish as early as 2006. By 2007 he forecast a Dow decline to 6,800 but remained 95% invested until August 2007. In March 2009 he called for “the mother of all bear market rallies.” Currently he is 75% long, 25% cash, with a few hedges (SDS and QID) to protect profits. Barry expects increased volatility: a vicious, 20%-30% correction eventually, but sees no sign yet that the rally is running out of steam.”

Note that came out before our 5-15% pullback call last week.

The whole piece is worth a read . . .

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Source:
Former Bears’ Take on the Market’s Future
Money Show, October 18, 2009
http://www.moneyshow.com/investing/articles.asp?aid=editor-17988&iid=EDITOR&page=1

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