As far as I’m concerned everyone who concluded the local market had peaked within 9 months – in either direction – of 01/2006 should consider themselves to have been exactly correct. If you were a few months earlier than 03/2005 or a few months later than 09/2006 you were still doing really really well. Maybe not perfect but certainly not stupid either.
That’s the point – timing the market doesn’t require the accuracy of the 1000 meter shot through the right eye socket; anything in the 10-ring from 5 feet away works just as well. When the time comes your target will probably be in your sights for more than a year and the Piggs will be screaming “now, now, now – take the shot”.
