>>buy and holds just had the gentlest bear market possible. many big names virtually unharmed, and the duration was very short.
>
>Huh?
William, let me put it simply. Anyone investing in any of the sky-high P/E companies (yhoo, amzn, inkt, dell, csco, etc) could have gone on a 1 month vacation and returned to find their stocks trading at virtually the same price or higher than the beginning of that vacation. (we're assuming that vacation started around august and ended around september, the "heart" of the correction)
In other words, people have been able to "flee" to these overpriced companies and their stock, and avoid nearly any pain at all.
Until these companies come down to reality, and there are no "safe havens", then there has not been a true correction in my opinion. With companies such as yahoo trading at around 300 P/E and Amazon trading at negative infinity P/E, you cannot argue that these stocks have experienced anything but a short blip of panic that was quickly jumped on by the "buy any dip" crowd.
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