Trying to figure out when the stockmarket is going to right itself soyou get out in time? Don't. Guessingwhich way the market will move inthe short term is generally a loser'sgame. The Dalbar Group of Bostonrecently completed a 20-year study ofmutual investors in 2004. Examiningthe flows into and out of mutualfunds since 1983, the study of investors'behavior found that markettimers in stock mutual funds lost 3.3%per year on average. Over a periodwhen the S&P 500 grew by nearly13%, the average investor earnedonly 3.5%. The investor's returns weremuch lower because they tried totime the market and did it badly—what most investors do. It's time inthe market that makes investors succeed,not timing the market.