Posted on 05/28/2010 10:57:09 AM PDT by blam
Hedgeye CEO Keith McCullough: Sell All U.S. Stocks NOW
Henry Blodget
May 28, 2010, 12:12 PM
Earlier this week, Hedgeye Risk Management made a bold call: SELL ALL U.S. STOCKS NOW.
This was a short-term call, which the firm plans to revisit if/when the S&P 500 hits 1,070. But Hedgeye CEO Keith McCullough is plenty bearish over the long-term, too, and expects a U.S. implosion similar to Europe's when the country's debt-maturity calendar goes into overdrive in 2011-2012.
[snip}
Click to the site of the article to view the video
(Excerpt) Read more at businessinsider.com ...
So, he doesn't own any of his own company?
Yes, when the market plummets, sell everything, and when the market soars, buy!
I do just the opposite, and have found it works for me.
To be fair, McCullough is pretty near term focused. He might be saying “Buy All Stock Now” in 2 weeks and you may miss the call. Nonetheless, he has definitely been in sync with this market lately.
I’ve been following his research for about a year and have found it helpful. In March, he made three big calls for the upcoming second quarter. First was a lousy May stock market, the second was big differentiation between the European soverign debt and third was that inflation will make a V bottom on the way to big inflation ramping up. So far he’s nailed the first 2 and the third is too soon to tell. He also called the top in the Chinese stock market in December, for what its worth.
Sounds like he has shorted a few stocks and is hoping to cash in when people start selling off their holdings.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.