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Pastimes : Ask Mohan about the Market

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To: Surfer who wrote (10342)	12/6/1997 1:43:00 PM
From: James R. Barrett	Read Replies (2) of 18056

Why oh why are so many people still trying to time the market? When are they going to realize that no one can time the market? In Oct. of 1994 I was one of the gullible idiots who believed a number of "experts" who said the market was overvalued and would fall 10 to to 20% in the next 6 to 12 months. So like a lamb going to slaughter I exchanged ALL of my 401K stock funds to a money market fund. Well everybody knows what the market did in 1995. Having confidence in and believing the "expert's" cost me over $25,000. I was so smug in thinking I was going to jump back in with shopping bags full of cash after the market tanked and then laugh at everybody else for being so stupid. In Nov. of 1995 it finally hit me that the "experts" were the idiots and totally wrong in their predictions. I'm not saying you should be 100% in stocks when the market is way overvalued like it is today, but I think 50% stocks and 50% cash in this particular market is reasonable. If the market goes up you'll catch half of it, if it goes down you'll have a bundle of cash to buy good stocks at cheap prices. Just my opinion. Jim

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