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Author: yobria Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Yes, you can time the market Date: 2/14/2005 7:04 PM
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Bull. Read Irrational Exuberance by Robert Shiller, which was written at the height of the bubble, which he clearly identified

I didn't say, of all the opinions given during the bubble, no one was right. That would be statistically impossible. I said some guessed right and some guessed wrong, as chance would dictate.

I personally didn't bet against the market, but I sold all of my holdings in late 1999 when it became obvious things were getting out of hand

If you read TMF message board posts from 2005, everyone claims they called the peak and got out of the market.

If you read back through the posts from 2000 however, it's obvious no one did.

Either everyone in 2000 was fibbing about being invested in the market while secretly hoarding cash, or people today don't remember the past quite as it happened.

The older you get, as the saying goes, the better you were.

Nick
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