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starbucks4ever (91.97)

And they said that buy-and-hold is dead...

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July 24, 2009 – Comments (3)

It seems like the rumors of its death have been slightly exaggerated. On the other hand, esoteric charting strategies are definitely beginning to acquire cadeverous look...

3 Comments – Post Your Own

#1) On July 24, 2009 at 5:41 PM, chk999 (99.97) wrote:

I think the issue is that the changeover between a buy-hold market (which may last for decades) and a trading market (which may last for years) is rare enough that it hits a problem with human pattern recognition. We can't see patterns that happen on that timescale, so we think the existing condition is permanent.

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#2) On July 24, 2009 at 7:15 PM, motleyanimal (38.35) wrote:

Bought some Citigroup today for my IRA. For weeks people have been debating how much it will be worth in 1-3 years. $4.00? $5.00? 7.00? Nobody is saying it will be worthless. I am willing to buy and hold this one for 2 years in an IRA where I don't trade much anyway.

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#3) On July 24, 2009 at 11:23 PM, UltraContrarian (30.67) wrote:

motleyanimal, I'm saying C will be worthless in 3 years.  Also RBS, FHN, KEY, TCO, AMR, UAUA, ARM, TEN, SAH, AMD, TLB, RAD, NYT, SIRI and PALM in case you were wondering.

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