pisces,
your view that its not a good strategy to be out of the market is great if you make the right moves.
if the xjo was a stock & you looked at the chart, would you buy it? On a risk / reward basis. No, - 6 month downtrend.
Its said that in a bull market anyone can make money, even the dartboard.
But in a bear market, make one mistake, on timing, stock or sector and you lose money. There is no room for error.
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