Jack Willoughby in Barron’s November 1, 2010 summarized their Big Money Poll in an article titled “Bears Beware.” Commenters on Twitter and blogs everywhere cited this as a perfect “Cover Story” indicator to exit the stock market. This article was also my Barron’s debut
"Bonds aren't the best place to make money," says Kenton Russell, a portfolio manager for Sterne Agee. "They are severely overvalued. The only way a bond investment works at current yields is if we're in a depression. Some ugly things [would] have to come true."
Russell recommends high-yielding, big-cap stocks issued by companies with strong balance sheets. The most bullish Big Money participant, he predicts the Dow will reach 14,000 by mid-2011, with the S&P rising to 1,300 and the Nasdaq to 2,500. Investors have abandoned risk "precisely at the time they should be taking risks," he says.
I hope I am this right every time I appear in Barron’s as seen in the chart below
Unfortunately though, I think the move in stocks is almost done just as my targets are reached 5 months early, so I’m not sure it counts. I would love to see the poll now. My guess is it would be much different with many more aggressive bulls and with me as a bear.