Well today TA25, or as I call it the poor man’s S&P 500, closed at 973 and seems to be climbing steadily towards the 1000 mark. This is not too bad considering the fact that less than 1 year ago we were at war. This is proof to all doomsday scenario guys who always wait for the market crash to say “I told you it was going to crash! 1000 is too much!”.
It always bothers me when people say that 1000 is too high or for that matter that any number is too high. They never tell you exactly why the number is too high and always remind you about the threats that we have from our arab neighbors. If 1000 is too high then what is too low? Well I don’t actually recall someone saying when the TA25 was going down towards the 600 mark saying it was too low. I think most thought it was going to crash all the way down.
Those are the same guys that got out when TA25 got down to around 700 in the war and missed all the rally back up to where we are today!
So for the general layman, don’t try to time the market.
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