3 US Economists just won the Nobel Prize in economics by finding that you (as an investor) have absolutely no chance of beating/timing the stock market – you are not that smart. (Talk about an understatement) In their words “Ordinary investors don’t stand much chance of beating the market. It moves way too fast and efficiently. Or it behaves in ways that make no sense at all.”
One of the economists is the same Robert Shiller who regularly publishes the Case-Shiller index for tracking national real estate markets.
Three U.S. Scientists Are Awarded Nobel Prize in Economics – NYTimes.com.