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The Silliest Reason In History To Sell Your Stocks
The Silliest Reason In History To Sell Your Stocks
Elena HolodnyOct 21, 2014, 01:03 IST
Barron's latest cover is looking bullish - and for some that's a sign to sell.Traders and investors routinely freak out over bullish headlines, convinced they're signs of bullishness going mainstream.Barron's cover story features a similarly "scary" tale and also the bullish results of the biannual Big Money poll."It's going to take a lot more than the past month's 5%-plus sell off in the stocks for America's money managers to change their upbeat tune," writes Barron's Jack Willoughby."Based on their mean forecasts in the Big Money poll, the bulls see the Dow Jones industrials topping 18,360 by the middle of 2015, and the Standard & Poors 500 index hitting 2173," Willoughby added.While this may rattle some nerves, magazine cover risk is total nonsense, as Josh Brown once noted.Magazine covers are just magazine covers - not economic indicators.We decided to comb through the history of the Dow and the S&P from the 1960s to today to see exactly what happened in the markets following bold headlines.Take a look.(Many thanks to Barry Ritholtz, Invictus, and Josh Brown for digging up some of the older headlines. Editor's Note: Former Business Insider writer Rob Wile contributed to the original version of this feature.)
