The funny thing is that these same rich people that are saying the market can't be timed are actually using hedge funds to make money. Many hedge funds use quant (mathematical models) to enter and exit positions, thus, timing the market.
I wonder why these PhD's could be so stupid to not know that their own hedge funds are trying to time the market. Some of the smartest people in the world can also be some of the dumbest. LOL
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.