In and around March 2008, or about six months before the financial crisis, a number of top US economists met with President George Bush and unanimously agreed that 2008 should be an okay year. Six months later the world was hit with its worst financial crisis since the depression.
Despite all the evidence to the contrary, some people still feel stock markets can be timed and their portfolio can be structured to avoid the downturns, while simultaneously capturing all the upside.
A recent article in the Globe and Mail uses real data to show how market timing worked during last fall’s market drop and the subsequent rebound in 2019.
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