Mebane Faber: Defender of market timing

By David Bukey
Before the stock market crashed in 2008, investors were simply buying stocks in the hope the bull market that began in 2003 would continue. After nearly all financial markets collapsed, however, many investors questioned the belief that holding stocks for long periods is worthwhile, and that diversifying into several types of assets (stocks, bonds, commodities, real estate) reduces overall risk. This new cynicism has lead more investors to try to time the market and avoid another downturn.


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