The Cape Has Never Been Good at Short-Term Timing

The Cape has never been good at short-term timing. And therefore, that should have nothing to do with what your short-term expectations are. If we could say with certainty the market was going to be great for the next three, four years, people would want to be in it. The Dalbar Stowe shows people underperform their own investments,. which on the surface sounds ridiculous, but for your reasons.