Time For Market Timers To Get Some Respect?

Market timers, the soothsayers and traders who jump in and out of the stock market, are among the most unloved sorts on Wall Street. Their raison d'tre--riding the uptrends, dodging the down moves-- flies in the face of the conventional wisdom that stocks should be held for the long term. Perhaps only the short-sellers, who make their money on falling stock prices, are more despised by the investment Establishment.

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