Study after study has shown that market timing is a losing proposition, particulary for an individual investor. Short-term changes in allocation due to perceived valuation inefficiencies is market timing in sheep’s clothing.

Of course you are absolutely correct, one does need to think. But one needs to think about appropriate allocation targets and how to achieve them, lest one confuse emotion due to market momentum with rational thought!

It’s carnival time! No, not that carnaval but the much more exciting 9th edition of the Carnival of Investing. For the uninitiated, this carnival consists of recent articles about investing from the blogosphere. Without further ado, here are this week…