Mark Hulbert says investors should be wary of timing the market in the next few months.
In his MarketWatch column, Hulbert gives data on how market timers have performed during the past five to 20 years.
“There is today virtually no difference in the consensus stock market forecasts among the best stock market timers and among the worst. That is, the market timers who have successfully timed the market in the past are neither more bullish on balance than the worst timers, nor more bearish,” he said.
Hulbert said the difference is merely two percentage points “between the average recommended exposures of the market beaters and market laggards.” (more)