(MarketWatch) The good news: a long-time bear has turned bullish. The bad news: it's Joe Granville.
Unfair! Some readers get angry whenever I mention Granville, veteran editor of The Granville Letter. They remember his clownish behavior in the early 1980s, when he had a hot hand and was the most famous letter writer in the world, and also the subsequent disastrous performance of some of his portfolios, among the worst for which the Hulbert Financial Digest has a record.
But that was then, and this is now.
Granville has retrenched, abandoning systematic stock advice, so that the HFD now follows only his market-timing advice. And that's been quietly successful for some time.
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