From MarketWatch:

NEW YORK (MarketWatch) -- Another top-performing bull may be getting cold hoofs, although he's still charging.

Louis Navellier's Blue Chip Growth Letter is seventh-best-performing letter over the past 12 months according to the Hulbert Financial Digest, up 29.88% vs. 5.62% for the dividend-reinvested Dow Jones Wilshire 5000. But its success goes much further back than that. Over the past 10 years, Blue Chip is up 14.11% annualized vs. 6.31% annualized for the total-return DJ Wilshire.

That is a remarkable record. However, as I've occasionally noted, Navellier (or his publishers) feel the need to make it even more remarkable, with ruthless promotional mail shots and eye-catching impossible claims. See July 14, 2006 column

Ignoring my harrumphing, Navellier is still at it. In a recent emailing, he writes: "Our goal is to hand our readers 35% to 50% gains every 12 months. It's a vow I've kept for more than two decades."

Bunk. (See above).

Whoa, Peter! I love your writing and I'm always grateful for the coverage, but remember--there's a difference between a claim and a goal. My goal is to completely annihilate the market, but I can only claim to have given it a severe beat down. See, it's all in the wording.

As for my promotions being "eye-catching" and "ruthless"...well, I darn well hope so!

But what really caught my eye was Navellier's opening: "Make no mistake about it there's a ton of risk in this market and a lot of investors are about to get burned. Unless you squeeze the risk out of your holdings, you're going to find 2008 a better year to lose a fortune than to make one. After all, with house prices tumbling, bank losses rising, and oil prices hitting the $100-a-barrel mark, only the strongest stocks will survive the shakeout."

This is news, because Navellier has been a staunch supporter of this bull market throughout earlier stumbles.

Trust me, a lot of folks are going to get burned this year. But we have to differentiate between my favorite stocks in Blue Chip and Emerging Growth and the rest of the market.

Fortunately, we've steered clear of these financial stocks that have had huge write-downs recently. The stock market is going to get very narrow this year. In fact, it's already happening. That's why only a few dozen stocks of the thousands that are publicly traded ever make it on to one of my Buy Lists.

As Peter said, I beat the market by more than fivefold last year (29.88% to 5.62%). I did it because I didn't make dumb bets or let my emotions take hold of me.

Ruthless? You better believe it.