This is Turov on Timing for Thursday, November 6, 2008.
The Standard & Poor’s 500 Index (“SPX”) declined 52.98 points yesterday to close at 952.77. TOT daily traders were
on the sidelines for the session. I had said in yesterday’s commentary, “the potential MAGNITUDE of a decline is
FAR greater than the potential magnitude of an advance,” and that’s certainly the way it played out.
TOT daily traders have been profitable in 16 of the past 19 weeks. TOT daily traders have outperformed the SPX in
21 of the past 22 weeks.
Since initiation of the Turov on Timing service on September 30, 1993, our daily trader recommendations have gained
11187.38 cumulative SPX points, compared to a gain of 493.84 points in the index itself over the same period.
That’s a ratio of 22.65 to 1.
Turov Investment Group Inc. managed accounts have outpaced the market by a wide margin, despite a very rough
October. For the current half of the year (July 1 to present), the following are the changes in the SPX and for all
“real money” Turov Investment Group Inc. direct-Rydex managed accounts:
Program A +5% (even though Program A never goes short or inverse)
Program B +15%
Program D +18%
These numbers are NOT annualized.
Past performance is not a guarantee of future performance.
These numbers show that Program A is outperforming the SPX by 31 percentage points, Program B by 41 percentage
points, and Program D by 44 percentage points. Adding additional funds to your account is permitted!!
The super long term perspective for the stock market remains bearish (as it has been since January 2000), and it’s
unlikely anything will change that for several more years.
The Intermediate Term Model is bullish, and the market has probably made a short term bottom.
The after-the-close news Wednesday night was gruesome, and futures are taking it on the chin. Clearly, the opening
is likely to be soft. Furthermore, there are no possible circumstances under which the rest of the day doesn’t seem
as murky as day old pea soup. Keep your powder dry and stand aside.
Thanks for the opportunity to be of service, and I’ll email you again in 24 hours – or sooner if circumstances
Turov on Timing is Copyright © 2008 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for
personal use only. All caveats and advisories that appear in the monthly Turov on Timing apply equally to this
email. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of
the Turov Investment Group Inc.