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I dont, but I think there may be one or two times in an investors lifetime when the market is really drunk and stupid and has to be told to go home before someone calls the cops. During those periods of highs and lows, selling off or buying in might be prudent.
1999-2000 was one of those. I got out of expensive stuff and into some cheaper asset classes. Wouldnt have ER'ed without that move, had I bought and held.
I dont think I'd espouse any 'system' that tries to actively market time. But you cant be stupid about it either.
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Many an optimist has become rich by buying out a pessimist
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