Haddon B. Libby
Is Market Getting Ahead of Itself
Even the best market prognosticators do not for certain what will happen tomorrow.
When markets are as volatile as they have been of late, the knee-jerk reaction for many is to get out of the markets and sit in cash. A Bank of America study of market peaks since 1937 showed that pulling out of the market too soon meant foregoing 20% of a market’s rally.
Over time people who stay invested do better than those who tried to time the market.