It is a common refrain heard from many cocksure investors today. Sure, the market is a bit expensive and overdue for a correction, but I’ll simply wait for the inevitable -10% pullback, buy the dip and ride the market to new heights. But does such a strategy make sense at this stage of the graying bull market? A check on market history over the last century provides some useful clues.
Please click on the link to read more of my article on Seeking Alpha.