Dollars and Jens
Friday, October 24, 2003
 
Ben Stein Says, "Yes, You Can Time the Market"
There's an interesting Morningstar interview with Ben Stein, who is talking about long-term "market timing" in his book ("Yes, You Can Time the Market") with co-author Phil DeMuth. They are really talking more about valuation (though mostly relative to 15-year moving averages, rather than to fundamentals). I assume the title was chosen to sell books.

I like his reference to "this second bubble in the Nasdaq that's going on right now," which he seems to presume everyone recognizes as unwarranted. I think there is something holding up stocks besides "bubble mentality" -- specifically, interest rates -- but I'm short enough QQQ that my portfolio is roughly market-neutral.

- posted by Steven @ 4:53 PM

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