Hulbert’s Observations from Tracking Investment Newsletters

A recent article in the AAII Journal outlined an interview with Mark Hulbert (of Hulbert Financial Digest) in which the MarketWatch senior columnist shared lessons learned during his years of tracking investment newsletters. Here are some highlights: One of the biggest lessons learned, Hulbert said, was that the “prospect of making money is so alluring that investors are willing to suspend all their rational faculties.” With regard to tracking the performance of model portfolios, Hulbert… Read More

Newsletter Writers are the Most Bullish in a Decade

The surge in positive sentiment about the market is increasingly misaligned with the reality of a slow-growing economy, according to last week’s Wall Street Journal. The article says that the share of newsletter writers that are optimistic regarding the stock market climbed to 62.7% this week (according to Investor Intelligence, a firm which provides weekly survey results from more than 100 newsletter writers). However, the article points out, “this gauge has become something of a… Read More