You can't be right when you're wrong

We have been at a loss as to whether we should sell some holdings. All indications from the outside world point to there being only one way forward for the stock market and that is down.

One of our better friends works as a stockbroker and he advises us to sell off some of the holdings at least. We have decided not to sell off any holdings in favor of a bank account with cash.

Personally, I do not believe in a stock market crash but a distinct downward correction. Saying that the stock market will go down is among the easiest things to say because sooner or later it always goes down. Backing it up with an exact time frame is more difficult.

The expression mainly used by those shorting stocks is quote "I was right but early" unquote is actually incorrect. To be able to say you were right, you also have to have the time frame right as well.