What to Do? from Barry Gitarts
If one's model is saying that in the short term (next two quarters) the S&P is overvalued but over the next year it's undervalued, what does one do? Is it a matter of one's preference to trading over investing, or should one get long at the risk the market will realize the same thing and ignore the next two quarters of expectations? Although we like to say the market is a discounting mechanism, it seems very often to be discounting the very near future.