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>>I forget the exact data, but it's something like only 10 days per year - on average - account for the majority of the gains. Not being in the market on those 10 days can have the obvious effect of altering one's returns.<<

beware of statistics. This statement implies that you are out ONLY those ten days. If you do not ride the sucker down by sitting on the sideline for the 50% drop since spring you are still ahead compared to riding it down and doing the happy dance today.

as Sam Clemens said "there are three kinds of lies; lies, damned lies and statistics." ;-P

blue skies and clear waters to all


(hoping that those in the market today enjoy their gains but do not get so giddy that they fail to be careful)

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