Top Rated Market Timer Dan Sullivan is Bullish, Again.

Bob Brinker is not the only market timer Mark Hulbert follows who is bullish.

This news was first posted on our Facebook "Investing for the Long Term" discussion forum.

Top Rated Market Timer Dan Sullivan has reversed a sell signal from earlier this month

ANNANDALE, Va. (By Mark Hulbert at MarketWatch) -- How long should you stick to your guns in the face of a market that refuses to cooperate?

If you're Dan Sullivan, the answer is: Not very long at all.

Sullivan, of course, is the editor of The Chartist, a newsletter that has one of the best long-term stock market timing records of any investment newsletter tracked by the Hulbert Financial Digest.

And last night Sullivan issued a buy signal, reversing a sell signal that he issued earlier this month. Read July 10 column about Sullivan's sell signal.

That means that Sullivan's latest sell signal was ill-timed indeed, since the stock market took off almost immediately after he went completely to cash.

Sullivan's long-term record suggests, at a minimum, that we give him the benefit of the doubt.

And at least we now know that Sullivan is not suffering from the investment paralysis that Jeremy Grantham, the highly regarded chief investment strategist at GMO, warned investors about earlier this year.

The telltale signs of this rigor mortis, as Grantham refers to the condition, are when those who are on the wrong side of the market become "catatonic and just sit and pray" and, simultaneously, those who are on the right side of the market and who therefore are looking like geniuses "will not want to easily give up their brilliance."

Kirk Comment: Was he thinking of how Bob Brinker was wildly bullish with a "gift horse buy" in the mid 1400s in 2008 then stuck to 100% in equities all the way from the 1500s to the bottom at 666?

Whatever else you might say about Sullivan's latest buy signal, he definitely does not have rigor mortis.

Perhaps this ability to admit he was wrong and change his outlook is why Sullivan is the top rated market timer Mark Hulbert follows.

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