Hulbert Stock Newsletter Sentiment Index (HSNSI):
An index Mark Hulbert calculates which reflects the average recommended
stock market exposure among a subset of short-term stock market timing
newsletters tracked by the Hulbert Financial Digest. A positive
reading means the average of the newsletters Hulbert follows that
attempt to time the stock market are long. Likewise, a
negative reading means the average of the
newsletters Hulbert follows that attempt to time the stock market
are short the stock market. As of October
28,2008, we have not seen any data from Mark Hulbert that shows any of
these timing newsletters have beaten the markets going back to before
the 1987 crash. More Market Sentiment Indicators
Date |
HSNSI |
DJIA |
S&P500 |
NASDAQ |
|
|
|
|
|
10/09/02 |
10.0% |
7,286 |
|
|
03/11/03 |
(19.2%) |
7,524 |
|
|
10/09/03 |
27.0% |
|
|
|
08/15/04 |
|
9,815 |
1065 |
|
06/10/05 |
39.3% |
11,365 |
|
|
10/19/05 |
(30.1%) |
10,414 |
|
|
07/20/06 |
18.8% |
10,928 |
|
|
02/05/07 |
53.1% |
12,662 |
|
|
08/16/07 |
11.3% |
12,552 |
1444 |
2451 |
01/09/08 |
(6.8%) |
12,735 |
1409 |
2475 |
01/18/08 |
(8.9%) |
12,099 |
1325 |
2340 |
01/24/08 |
(7.2%) |
12,379 |
1352 |
2361 |
01/31/08 |
10.1% |
12,650 |
1379 |
2390 |
02/01/08 |
11.8% |
12,743 |
1395 |
2413 |
02/15/08 |
7.4% |
12,348 |
1350 |
2322 |
02/29/08 |
7.7% |
12,266 |
1331 |
2271 |
03/04/08 |
(16.4%) |
12,214 |
1327 |
2260 |
03/10/08 |
(25.9%) |
11,740 |
1273 |
2169 |
03/11/08 |
(22.5%) |
12,157 |
1321 |
2256 |
03/17/08 |
(29.4%) |
11,972 |
1277 |
2177 |
03/24/08 |
(22.5%) |
12,549 |
1350 |
2327 |
04/11/08 |
27.5% |
12,325 |
1333 |
2290 |
04/17/08 |
27.5% |
12,620 |
1366 |
2342 |
04/18/08 |
27.5% |
12,849 |
1390 |
2403 |
05/13/08 |
16.2% |
12,832 |
1403 |
2495 |
05/27/08 |
31.2% |
12,548 |
1385 |
2481 |
06/19/08 |
(24.5%) |
12063.09 |
1343 |
2462 |
06/30/08 |
(35.9%) |
11,350 |
1280 |
2293 |
07/01/08 |
(42.9%) |
11,382 |
1285 |
2305 |
07/22/08 |
44.5% |
11,603 |
1277 |
2304 |
08/25/08 |
(1.3%) |
11,386 |
1267 |
2366 |
09/02/08 |
(2.1%) |
11,517 |
1278 |
2349 |
09/15/08 |
33.2% |
10,918 |
1193 |
2180 |
09/18/08 |
36.6% |
11,020 |
1207 |
2199 |
09/26/08 |
(35.2%) |
11,143 |
1187 |
2184 |
09/29/08 |
(36.1%) |
10,365 |
1106 |
1984 |
10/03/08 |
(36.1%) |
10,325 |
1099 |
1947 |
10/06/08 |
(33.5%) |
9,956 |
1057 |
1863 |
10/15/08 |
(12.8%) |
8,578 |
908 |
1628 |
10/27/08 |
(18.9%) |
8,176 |
849 |
1506 |
|
|