History shows us why we should never try and time the market....

History shows us why we should never try and time the market.
For eg; A quant investor examined the performance of the S&P 500 between 1966 and 2001 (35 years). $1 invested at the start (1966) would have grown to $11.71 in the end (2001). However, if you deducted the returns from the five best trading days in each of the 35 years (so if we had to pause here, that is out of 12,000+ trading days (approx) ommiting 175 of these days), the $1 invested in 1966 would be only $0.15.

Its much easier to identify outstanding businesses than to time the market!