Summary
ONE of the arguments for buying shares now assuming you believe that the world is unlikely to come to an end is that no one can time the market, and that when it turns it will move so fast that those who are uninvested will have no time to get in.
The evidence is there that if you miss the best days by being out of the market you miss a lot of the overall rise achieved over the long term because shares advance in a series of lurches rather than steadily and smoothly.See the full content of this document
Extract
Myth and Reality of Market Timing
Thus a broker sent me a note the other day ...
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