harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Not really, and I don't wish anyone any bad luck. However, and even though I don't really consider myself a market timer, through a series of fortunate (?) circumstances I have a significant amount of investable cash sitting around in MM funds. I have been re-reading Bernstein and Bogle, and am fairly convinced that even at it's current level the market is overpriced compared to historical averages. According to Bernstein, over the long term we should either be looking at decreased growth in the market, or there will be a significant event that will bring prices down further so they can begin to grow at historical levels again.
I'm thinking we might be looking at something like that significant market lowering event. My question is do you think the market will drop even further, like into the low 10k or lower range for the Dow, or do you think it will stay around 11K for a while, then start the long, slow growth process? I know I should DCA my funds, but this is so very very tempting...
I'm thinking we might be looking at something like that significant market lowering event. My question is do you think the market will drop even further, like into the low 10k or lower range for the Dow, or do you think it will stay around 11K for a while, then start the long, slow growth process? I know I should DCA my funds, but this is so very very tempting...