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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (17597)	8/18/2003 3:10:35 AM
From: Dale Baker	Read Replies (1) \| Respond to of 78522

There seems to be a significant difference between those who focus on stocks and those who try to add market timing to the mix. Stockpickers are interested in individual stories that offer compelling value; many market-timers seem to treat "stocks" as more generic entities. If market conditions are good they want to own 5-10-20-30 something-stocks so they are "in" the market. But if they will dump those stocks as soon as market indicators don't look right, how compelling could they have been as value investments? I understand the people who game the market by playing futures, options and index ETFs based on market timing. And I understand (and practice) individual stock selection in an ongoing portfolio. Ditto scalpers and swing traders who just want a point regardless of fundies. But rushing in and out of a bunch of stocks almost at a whim based on guesses, I don't see how many people can succeed at it. Maybe I just don't like the concept personally. To each their own. Variety makes the market.