Monday, October 13, 2008

Stay the course...says Malkiel

Burton Malkiel author of a "Random Walk Down Wall Street", advocates very clearly that we should stay the course. Don't try to market time.

It is very tempting to try to time the market. We all have 20/20 hindsight. It is clear that selling stocks a year ago would have been an excellent strategy. But neither individuals nor investment professionals can consistently time the market.

I agree. Right now is the time to be shoveling money into stocks. They look cheap. Very cheap. (except GM and Ford that is).

HT: Greg Mankiw's Blog