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The New Barron's Cover Looks Bullish
In the pantheon of odd market indicators, the Barron's magazine cover is probably one of the more unreliable contrarian indicators followed by many (See here, here, here, here, here, and here). So, don't be surprised on Monday when a market pundit appears on CNBC or Bloomberg TV and invokes the new bullish cover as a screaming sell signal. This week's Barron's cover story features the bullish results of the periodical's "Big Money" poll. "It’s going to take a lot more than the past month’s 5%-plus selloff in stocks for America’s money managers to change their upbeat tune," Barron's Jack Willoughby writes. ... (full story)