[quote=AN]There’s a difference between trying to time the market by staying in cash for a long extended period time to buy and sell at the time you think its optimal and to not participate in the market for a few days while you wait for an event to occur that can potentially crater the market. Once the event happened, then you’d buy back in at whatever price it is. That’s not timing the market. That’s just remove risk from your portfolio for a short period of time.[/quote]
Ok, we can agree to disagree on what does and doesn’t count as “market timing,” but semantics aside, my original point remains. (Which was: whatever your position is on the matter shouldn’t change because someone guessed the short term market direction right one time).
