Ready for a pullback? Don't try to time it

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Markets go down. It is an unpleasant truth for all investors.

They haven't gone down much in a long while.

We've been hearing lots of questions about raising cash and riding out the downturn from the sidelines. Great. I'm in. Tell me when the downturn will start, how deep it will go and when it will be over.

I've never known anyone who has been able to get all the phases right. One of the toughest truths about investing is that NO ONE has any idea what the market may do in the short term.