Tom Lee’s Soul-Searching Question: Why Wait Until the Bottom to Take Action?
1. Don’t fantasize about buying at the absolute bottom
Whether you’re a veteran or a newcomer, give up the illusion of timing the exact bottom. No one in the world can buy at the absolute low.
2. Miss the 10 best-performing days, and you’ll have worked for nothing this cycle
In any market cycle, there are only a handful of days with the strongest gains and biggest contribution to returns—perhaps just 10 days—but they account for nearly most of the total increase.
If you happen to miss those days, even if the market ke