Fisher: Why ‘Selling the Rally’ Will Make You Sorry

Time to sell? With Chinese stocks soaring since October’s low, now may seem like the perfect moment to jump ship — after the market has recouped a chunk of 2021 and 2022’s declines but before another scary plunge strikes. Late January and February’s wobbles heighten the temptation. Selling feels safe! But it isn’t. History shows there is nothing prudent about ditching stocks after new bull markets’ initial bursts. They typically roar far beyond those gains—leaving premature sellers sorry.