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Well, here is a successful market timer.


NEW YORK (Reuters) - Master stock market timer Paul Desmond warned clients to get out of stocks ahead of the October 1987 crash. More recently he proclaimed, also correctly, that stocks would carve out new lows this year.

Market timing, as Wall Street lore goes, is a futile exercise for individual investors. But such prescient calls have earned a strong following for Desmond, president of the Florida-based Lowry's Reports Inc., the 64-year-old market timing service that boasts a top notch client list.


In my opinion, it is important to learn from experience, and to recognize one's mistakes. If, for example, I had sold in 1996, I certainly would not have put my money in CDs. I would have put my money into something more liquid. When I was proved wrong, I would have been back in the market.

Any good market timing system has checks and balances to correct mistakes. Mistakes are probably unavoidable, but they do not have to last since 1996.

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