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Technology Stocks : Semi Equipment Analysis

SOXX 306.28

-1.0%

Dec 4 4:00 PM EST

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To: Donald Wennerstrom who wrote (42666)	1/14/2009 8:58:02 AM
From: Kirk ©	Read Replies (1) of 95525

I am not blaming you.... "One of the great sucker plays since the bear began in 2000 has been the "buy and hold for the long term" mantra that has been chanted by the sages of Wall Street. Simply look at the returns: from 12/31/99 to 12/31/08, " but People who write that sort of nonsense don't understand the theory behind buy and hold. Abandoning buy-and-hold after less than a decade of poor performance is doing readers a disservice. The theory states that even if you bought the DOW at the very top in 1929, 20 years later equities outperformed ALL other asset classes even when adjusted for inflation. Do I think the NASDAQ will reach 5050 again by 2020? At this point, perhaps not.... but the Wilshire 5000, DJIA and S&P500 were all higher than their 2000 highs once and could do so again long before 2020. I happen to agree with the article that you can make MORE money by trading the volatility and I've said and done so for over a decade here... but I hate to see someone selling that system misstating how buy and hold works.

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