[quote=earlyretirement]Things don’t move in straight lines forever. I give the market no more than 12 months then we will probably move into recession. I’m not sure of your timing.[/quote]
Yeah, that is what they said 5 years ago and that proved to be totally false. We may have a 20% correction 5 years from now but that means nothing if we have 5 more years of 10-20% annual gains.
I always feared corrections and was pessimistic about timing myself. However, timing means nothing in a long term window because corrections always have much higher gains in adjacent years.. and looking at historical charts it looks like bull markets are way longer than bear markets.
I stayed out of the market fearing a correction since 2011 and lost out on over $100,000 worth of profits that I could’ve realized. Bummer!
