Timing is Everything But You Can’t Time The Market, Forbes.com, Jonathan Satovsky –
June 18, 2012
On March 21, Goldman Sachs put out a research report gushing about the opportunities in the stock market: “The prospects for future returns in equities relative to bonds are as good as they have been in a generation,” wrote Goldman’s chief equities strategist.
“Given current valuations, we think it’s time to say a ‘long good bye’ to bonds, and embrace the ‘long good buy’ for equities as we expect them to embark on an upward trend over the next few years.”
At that time, the S&P 500 Index was at 1,405. By the first of June, the S&P 500 had fallen 9%, to 1,278…