Stocks: Is It Good When All Returns Are Bad?
The reason market timing is so tough—at least for me—is that while it may be relatively easy to get out of stocks, it's very difficult to know when to get back in. What's more, I usually decide it's safe to move back into equities only after the market has moved above the point where I got out. So now I talk to my self a lot. No, not in public—what, do you think I'm crazy? I just think about how far this market has fallen and how long and deep it will ultimately decline.
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