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To: chomolungma who wrote (173261)3/5/2003 11:39:28 AM
From: Jim McMannis  Read Replies (2) | Respond to of 186894
 
RE:"Tell me again, what's wrong with long-term investing?"

If you bought the DOW (Nasdaq wasn't around) at the top in 1929 it took until 1951 to get even. 22 YEARS. About a generation.
As time goes on you will realize you have been left holding the bag. It just takes time. We have to go full cycle.

Jim