Dwight,
Yes. Picking your starting and ending points can make all the difference when measuring. For example, you could have said from 1961 to 1982 mess (Dow from 735 to 770). But to lump it all together does ignore 5 bear markets and, of course, there counterpart, the 4 bull markets.
The main thing is to not be over-commited so you must sell if prices go down, but not so stubborn about how high the market is that you get out completely. And, to have the courage to buy more when the market goes down.
And back to Novell, it's nice to see that Dr. Eric bought up the 900K. It sure is a lot more than what Young has. I realize that the Dr. probably got a 'good deal' on the purchase. But I wonder if the rest of them have been exercising their options and keeping the stock?
Hopefully, in the appropriate forums (i.e. more mainstream/financial press interviews), he'll mention this as a sign of his commitment to Novell.
Mat
BTW, Dwight, I have seen those studies, too. (Missing the 10 best days in the last 50 years ...) To eliminate confusion, it was the 10 best days each year of the 50 years, not just 10 days for the entire 50 years. But it still proves the point of needing to be in the market all of the time with what you can afford to invest. And just keep adding in. |
