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Lucky Bastard,
This might be what you're looking for:
http://www.towneley.com/star.pl5?page=study
http://www.towneley.com/html/study.htm
Be aware, there could be a problem with this report. On this page:
http://www.yeske.com/articles/mkt_timing.htm
"Note: We've learned that the study discussed below may be an urban myth. A
representative of the University of Michigan recently emailed us asking if we
could please provide the source of the study, since as far as they knew it was
never done at their school."
You might actually have to call the University of Michigan and contact Professor
H. Nejat Seyhun himself to discover whether or not this study was actually done.
Daniel.
"Look I'm telling you there's something moving and it ain't us."
Private W. Hudson, Aliens 1986.
'Lucky Bastard' wrote:
> Can someone point me to the URL that leads to the University of Michigan
> study on Market Timing? Or the title of that study? The one where all the
> mutual fund pundits use to say that Market Timing doesn't work...that if you
> miss the 10 best days, your return doesn't beat buy-n-hold (the
> bag)....leaving out that if you miss the 10 worst days, you'd beat
> buy-n-hold (the bag)....and if you sell an X % from the top and buy X% above
> the bottom, you'd still beat buy-n-hold (the bag).
>
> --
> "I find your lack of faith disturbing."
> Darth Vader
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