The economy is sound...the market is strong...that doesn’t mean we won’t see a correction, though, nor that any such correction would be small (2% or less) or brief (2 months or less). Timers who get lucky may prosper, those who aren’t may weep.
“Bulls make money, bears make money, pigs get slaughtered.”
-Cramer
Recently, Schwab put out an article on market timing strategy. They back-tested five strategies for investing $2000 a year in the S&P for the 20 years ending in 2006:
They also tested 62 rolling 20-year periods, going back as far as 1926. In 52 of the 62 periods, the five strategies sorted in the same order as above. In no case did invest immediately come in last, although it came in fourth during the 1962-1981 period.