Current Events Show Difficulty of Predicting Market Movement
Investors are regularly warned that trying to time the market by picking the next hot stock and dumping other stocks before they tank almost never works. Peter Lynch, manager of the Magellan Fund at Fidelity Investments from 1977 to 1990 famously said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”