I have to say that of all the NY Times financial columnists, I tend to be the most annoyed with Paul Sullivan. He writes about wealthy families and their investing. Often it's about hedge funds and advisors and things that folks around here frown upon. If folks around here followed most of the things in his pieces, they will end up poorer for doing so. But they will have more to talk about with their Westchester and Greenwich neighbors.
This article has nothing actionable in it, so it is very typical of Sullivan's work.
It's all about market timing, uh, I mean rebalancing, uh, I mean opportunistic rebalancing, uh, I mean short-term opportunistic rebalancing due to a short-term change in one's asset allocation.