If you’re like me, you regularly hear from friends who brag about how they’ve successfully timed the market in the past. What these folks will never tell you is the number of times they’ve missed the boat! Take last week, when millions of folks were parked on the sidelines, terrified (thanks to scaremongering media reports) that the July CPI print would come in worse than expected, triggering a selloff. Of course, we now know that the exact opposite happened—and I’m guessing you won’t hear from your friends who failed to grab that bounce! Look, when other folks do manage to pull off this trick, I salute them.… Read more