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(You can't hardly make this stuff up. I believe this guy beat out such as Faber also, haven't checked.)
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There's been a change in newsletters' long-term rankings, We have a new leader in the clubhouse
MARK HULBERT There's been a change in newsletters' long-term rankings
" . . .
Allmon has been almost completely out of stocks for more than 20 years. It was in late 1986, in fact, that he became convinced that stocks were becoming overpriced, a belief that in turn led him to sell almost all of the stocks in his newsletter model portfolio and put the proceeds in cash.
With only one or two exceptions, his model portfolio has remained primarily in cash ever since. It currently owns just three stocks that collectively total 11% of total portfolio value, for example; the other 89% is parked in a money market fund.
. . .
The Dow was below 2,000 when Allmon built up his high cash position. Given the strength of the ensuing bull market, his overabundance of caution would seemingly have buried him in a hole so deep he could never emerge.
He nevertheless has dug himself out, courtesy of the interest earned on his large money market position, the returns on his few remaining stock holdings, and the power of compounding.
Allmon shows no signs that he might return anytime soon to the bullish camp. In his latest newsletter, he writes that "our country appears to be on the brink of the biggest financial firestorm in our 220-year history." Expressing little confidence that the government will get us out of this mess, he adds that "the trick now is to avoid being scalded in a sea of nonsense."
Of the three stocks that Allmon's newsletter portfolio currently owns, the biggest holding is Newmont Mining Corporation (NEM:Newmont Mining Corporation, he is forecasting "5% to 15% U.S. inflation," which will in turn lead gold bullion to trade over $1,800 an ounce.
The two other stocks that his model portfolio owns are Altria Group Inc. and Phillip Morris Intl Inc. "
__________________________________________________ ___
There's been a change in newsletters' long-term rankings, We have a new leader in the clubhouse
MARK HULBERT There's been a change in newsletters' long-term rankings
" . . .
Allmon has been almost completely out of stocks for more than 20 years. It was in late 1986, in fact, that he became convinced that stocks were becoming overpriced, a belief that in turn led him to sell almost all of the stocks in his newsletter model portfolio and put the proceeds in cash.
With only one or two exceptions, his model portfolio has remained primarily in cash ever since. It currently owns just three stocks that collectively total 11% of total portfolio value, for example; the other 89% is parked in a money market fund.
. . .
The Dow was below 2,000 when Allmon built up his high cash position. Given the strength of the ensuing bull market, his overabundance of caution would seemingly have buried him in a hole so deep he could never emerge.
He nevertheless has dug himself out, courtesy of the interest earned on his large money market position, the returns on his few remaining stock holdings, and the power of compounding.
Allmon shows no signs that he might return anytime soon to the bullish camp. In his latest newsletter, he writes that "our country appears to be on the brink of the biggest financial firestorm in our 220-year history." Expressing little confidence that the government will get us out of this mess, he adds that "the trick now is to avoid being scalded in a sea of nonsense."
Of the three stocks that Allmon's newsletter portfolio currently owns, the biggest holding is Newmont Mining Corporation (NEM:Newmont Mining Corporation, he is forecasting "5% to 15% U.S. inflation," which will in turn lead gold bullion to trade over $1,800 an ounce.
The two other stocks that his model portfolio owns are Altria Group Inc. and Phillip Morris Intl Inc. "
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