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This is not a buy-and-hold market. As we roll into 2009, I’m sticking with the same overall theme as I have in years past: this is not for the buy-and-hold crowd. Individuals looking to follow the “buy for the long haul” recipe will get destroyed. The media may call this a bear market, but this [...]
Like crossing the equator on a ship — should buy and hold investors get some kind of recognition (or have some celebration) for crossing the line? The S&P 500 crossed 1100 in 1998 (twice), 2001 (3X!), 2002, 2004 and 2008. Look, when I drive around the same block twice, even I ask for directions! Oh, [...]
I’m going to paint a word picture for you. Suppose you own a stock that gave three successive buy signals last summer — in 2007. The stock ran from $28 per share up to $34 a share. Sounds good so far, right? But the stock then broke through the support line, was already on a [...]
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Buying Opportunities : No Need to Jump Right Back Into the Market
Take a walk with me down Memory Lane: 1973: S&P down over 17% (ouch) 1974: S&P down over 29%. (ouch again) The bottom for the S&P was reached in October 1974. And the bottom was reached — yet again — in December 1974. There was no advantage to jumping 100% back in, immediately. October 19, [...]