Sunny, like hell you cant time the market. I looked at the market in 2006, cried BS, and didnt buy. Ill buy in the future, when my social reality dictates. That is timing the market like no other considering that where I am likly to buy it is down 30%+.
You may not be able to time the bottom perfectly, I admit only one person will do that, but you sure as hell can time the market. ( basically I may not have been perfect, but this is hand granades and horse shoes territory. Close to the bottom counts.)
Sorry to be a jerk, but I heard this one today at work and decided that a Chemist needed a talking to. It was being used to justify some really bad past behavior.