CAN YOU TIME THE MARKET? MAKING MONEY BY DARTING IN AND OUT OF STOCKS IS EASIER SAID THAN DONE

摘要

AFTER WATCHING 70% OF HIS RETIREMENT SAVINGS EVAPORATE IN THE 2000-02 BEAR market, Bob Parrish was determined not to leave what was left to the mercy of the investing gods. So he fired his financial adviser and decided to try something most experts say you should never do: time the market. "Most people thought 2000 was the beginning of a secular bear market," says Parrish, using a term that describes a prolonged downturn. "People said you could still make money, but instead of buy and hold, you had to take a different tack." So he vowed to buy only when he thought the market was headed upward and to bet against it at other times.