Can anyone really time the market?
Over time there are lots of people who say they have the ability to time the market. What becomes interesting is if you use really and antidotal way of thinking about this is that, in order for someone to be a successful market timer, no one can really believe that they are a successful market timer. Because, they become a self fulfilling prophecy. So if people believed you could really time the market and you said the stock market is going to crash on friday, well, its not its going to crash on Thursday because everybody is going to get out a day early because everyones going to believe youre actually correct. So, if you kind of think that through it would be impossible to actually be successful enough meaning that your performance as a market timer goes beyond any disbelief. Because, then you go really become a self fullfilling prophecy and historically we just haven't found people that over time can consistenly time markets.