Mark and Tom discuss a Wall Street Journal article written by Jason Zweig about an investing newsletter owned by Suze Orman and investment manager Mark Grimaldi. Orman gave away more than 50,000 trial subscriptions, although Zweig reported that many of the newsletter claims were inaccurate.  Since investment newsletters are not regulated by the SEC, they are not held to the usual SEC standards. Mark shares a few charts that show there is no evidence that newsletters can time the market and that it would behoove investors to stay away from investment gurus and their market timing newsletters.

References:

Average Returns of Market Timing Newsletters

Forecast Accuracy:

74% Required to Beat the Market