Quote:
Originally Posted by Stu from NYC
As the old saying goes ask 10 economists for prediction and you will get 11 different answers.
If anyone can consistently time the market they will be filthy rich and no need to do anything but lay on a beach drinking margaritas.
When the wizard of Omaha cannot time the market why would you think anyone else could?
Common wisdom is everyone expects a recession, will there be one who knows if there is one mild or strong also who knows.
One of the best long term bond funds out there is Fidelity Contrafund that goes the other way and is normally very successful.
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Oops meant to say growth stock fund not bond fun which is definitely Contrafund.