Money Angles: Don't Rush for the Exit

Don't Rush for the Exit

One of my friends argues that "timing the market" -- knowing when to get in and out -- is impossible, and thus the only sensible thing for a person to do is to put all his or her long-term money into stocks, or stock funds, at all times.

There's a lot to be said for this. What is worrying me is that it is being said now. When stocks get as high as they currently are -- largely because unseasoned investors who can't think of anyplace else to put their money have come to the table for the first time to...

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