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Don't Jump into the Markets and Be an April Fool

I applaud the author's note that no one really knows what the market is going to do. 50% will say up, 50% will say down. All true. However, I can do without the trumpeting of past successes ("Can You Hear the Bell Signaling a Bottom?" We wrote it on March 3rd, three trading days before the 2009 lows!!!). I have a feeling that a thorough review of the author's commentaries would find an equal number of suggestions that did not work out so well. I guess that's the advantage of constantly throwing out advice... you are bound to get some of them right (and brag about it), and you can neglect to talk about all the times that you got it wrong.

I am not a daytrader. I am not concerned about whether the market hit a short term peak on Thursday, and about the week to week gyrations that WILL occur. I'll continue to steadily contribute, dollar-cost average, etc... It isn't glamorous. It doesn't make for a great article. But in 5 years, 10 years, or beyond, it will likely make for a more sound investing strategy then trying to pretend that you can RELIABLY prognosticate and profit from the short term gyrations in the market.