No. of Recommendations: 11
Maybe different if you use and can stick with a disciplined timing strategy?
One thought:
One might say that a pricing strategy is better than a timing strategy. There is no requirement to own something you yourself believe is overvalued, if your opinion is informed and has concluded that there is no positive return to be had for a long time. I certainly wouldn't own SPY at these levels in an untaxed account, and that has nothing to do with any market timing signal.
(actually most market timing omens are pretty darned bullish for the short term, except perhaps for one notable one: the most bullish sentiment level ever measured)
Jim
