Does the Timing Outlook work?
It is certainly not infallible. No timing system is right 100% of the time. In SENSIBLE STOCK INVESTING, it is presented as just one of several tools to help the investor make better buy, hold, and sell decisions. Many stock authorities eschew “market timing,” stating that it is impossible, and that it more often than not leads investors to make flawed decisions. In my opinion, market timing can be useful, especially in helping avoid catastrophic losses. In 2008, for example, my Timing Outlook influenced me to keep most of the money in my Capital Gains Portfolio in cash rather than in the market. That was a hugely successful decision, as the stock market suffered a horrific crash. In 2009, the Timing Outlook influenced me to re-enter the market as it was starting up from its march, 2009 low point. If as an investor you believe that market timing is impossible or stupid, simply ignore it. The other sound principles of being a Sensible Stock Investor still apply.
