Friday, March 9, 2012

Quote of the day

Buttonwood:
Perhaps the S&P 500 will keep rising this year. But if it does, it won't be because the index is dirt cheap.

FLG has a bunch of cash sitting in his IRA from a rollover he just did. Usually, he wouldn't be paying too much attention to these things, just rebalancing the account every year on his birthday. But since he has the cash in there he's getting cold feet about getting into the market right now. Probably not smart. Nevertheless, it just feels overpriced, based on low volumes, and people are trying to rationalize themselves into believing its a good, strong bull market.

2 comments:

Andrew Stevens said...

Eh. Obviously you would have been better buying a couple of months ago, but that's water under the dam assuming you weren't still in the market then anyway.

Trying to time the market is a sucker's game. Every time I've done a rollover, I've bought again as quickly as I possibly could to minimize my time out of the market.

FLG said...

The cash had only been out of the market for a little over a week.

I decided as soon as I'd posted to buy back in.

 
Creative Commons License
This work is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License.