This Rosencrans Has Thorns: Market Blooms, but Strategist Offers Warning
Guruitis: We Just Can't Get Enough
Because of the market slide last year, a cautious approach was the common theme among other gurus brought to GuruVision's attention -- either by readers or the sources themselves -- for getting it right. Being that GuruVision has less of a track record with these folks than its regulars (who generally come from Wall Street's mainstream), bear with us as we attempt to separate the gurus from the chaff. Remember, inclusion in GuruVision does not necessarily indicate an endorsement; the idea is to give readers as many points of view as possible, and to hold the gurus accountable.
As 2001 unfolds, it will be interesting to see if last year's heroes are willing to change their views because, thus far, it's been better to have been on offense, vs. defense, in 2001. So it was again today, as the Dow Industrials rose 0.7%, the S&P 500 gained 1.3% and the Nasdaq gained 3%.Then again, the Minnesota Vikings will be watching the Super Bowl on Sunday (much to the chagrin of
Walk the Thin LineAs I mentioned in RealMoney.com's Columnist Conversation today, there's an intriguing perception issue regarding sentiment these days. Depending on who you ask, everyone either loves or hates the market. Well, there's a reason for such diverse points of view, according to a quick look at two notable sentiment indicators. While the American Association of Individual Investors poll shows a modest 36.6% of individuals consider themselves bullish last week vs. 42.6% three weeks prior, the Investors Intelligence survey of newsletter writers was at 57% bullish, a high level by historical standards, vs. 52.9% three weeks ago. John Bollinger at BollingerBands.com in Manhattan Beach, Calif., explained the dichotomy as a situation where professional market watchers, dressed in wet suits, are advising investors to jump into the market in their birthday suits. Individuals who got hurt bitterly last year are "standing by the edge of the pool saying 'the water is cold. Only an idiot jumps in,' " he said. Bollinger believes investors should jump, but not into the big-cap growth favorites that have dominated in recent years and at the beginning of 2001. He
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