No Market Timing Newsletters Called The Tops Or Bottoms Of The Last Decade

A recent article mentions that of the hundreds of market timing newsletters that the Hulbert Financial Digest tracks, none were able to call the market top or bottom of the last year, or for that matter the major tops/bottoms of the last decade. This is even amidst loose definitions of what "calling" means. It just goes to show that timing the market is EXTREMELY difficult to do, even by those that make a living off of it.