Just a few weeks ago, when the Trump rally started, and some of us (me included ) were on the wrong side of the fence thinking that the market was going to correct because there was no longer a positive indication to keep driving markets higher and that Trump might cause serious damage to the stock market, folks were saying timing the markets don’t work, why get out based on a whim….
But now, at dow 20k, people are now calling “peak” and getting out, thinking a correction is going to happen soon, and they want to avoid a correction…
Isn’t this market timing too? And isn’t the only difference between you folks now calling the top now and getting out and when I was doing it before Trump became president….the same exact thing that some of you say we shouldn’t be doing? And the only thing different between us is that one of us was more correct out of luck than anything else? For argument saying let’s say down goes to 25k (not saying it will)…Then, was your missed gain also due to poor market timing?
I’m not trying to bust anyone’s chop here. Just trying to understand what the heck is the difference between someone calling “top” 2 months ago and getting out for the sake of asset protection “just in case” something bad happens, and someone calling “top” right now, with the exception that one of us guessed right?
