Bob Kargenian’s Article Published in Barron’s

Bob Kargenian was published in Barron’s, a weekly newspaper that covers financial information, relevant statistics, and market developments.

In the article, Bob says, “Market timing. Good or bad? A sober interpretation of long-term market macro data says neither. Timing is, in fact, imperative right now.

“I am convinced we are in a bear market. Since mid-March, a week has not gone by when I’ve not seen an article in major national publications, authored by accredited experts, with the same message: ‘Don’t panic and sell, or you’ll miss out on substantial gains.’

“My position is not contrarian for the sake of running counter to the received wisdom. It is data-driven and refutes a bull case based on an excessively simplistic narrative exemplified by a piece in the Orange County Register on April 5: ‘The annualized return on the S&P 500 Index from January 1, 1987 to December 31, 2019 was 11.28%. Over this 32-year period, if you were out of the market during the ten best performing days, your annual return would have been reduced to 8.85%. If you were out of the market during the 50 best days of this 11,680-day period, your annual return would have been reduced to 3.40%. Staying in the market yields better long-term results.’

“Sound familiar? That may be factual but, at best, it is fallacious and only conveys half the story. So here’s the full truth…”

Read Bob Kargenian’s Entire Article (login required)