It has been well documented that, when it comes to searching for time tested, reliable indicators of where the stock market is headed, magazine covers predicting either a bull or bear market have been wrong the majority of the time.
One of the "professional" indicators I watch closely turned bullish over 30 days ago, but with so much on the line short term, combined with the massive quick run up in stocks, I had been "biting my lip of patience" a bit. As of today, I have released my lower lip and am comfortable being a bit bearish with the latest from Barron's, dated 11/1/10:
Only by standing against the prevailing winds – selectively, but resolutely – can an investor prosper over time. Such a strategy may underperform during markets that are rising based upon the "momentum of the herd" vs. fundamental valuations.