The Most Downloaded SSRN Paper Ever Is All About Market Timing
And it suggests investors should currently be in cash
Timing is everything etc.
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There are two good reasons to take a look this week at the most downloaded paper on the Social Science Research Network. For a start, we're heading into Labor Day weekend, which means it's time for light beach reading. Second, the paper is focused on a market-timing strategy, and this particular market timing strategy currently suggests investors should proceed with the utmost caution.
Here's Mebane Faber, the paper's author and co-founder of Cambria Investment Management, on Twitter on Tuesday: