The last 10 years have been brutal, right? How many have made 45% returns in the last 10 years? How about 90%? Sure, this isn't the 1990's, but 45% buy and hold through the "Great Recession" isn't bad.
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Didn't mean you personally, just meant that resistance is usually where supply meets demand, guess i have a different perspective
many stocks were wiped out, many buy and holders lost their life savings and are back to work , even bond holders in GM , "the safest of all"? buy and hold doesn't work in IMO , also what is your start date and why?
"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Last edited by GridKing; February 5th, 2012 at 04:21 PM.
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Except that would only be through the recovery phase of the recession not from beginning of the recession to end - that's quite a different story. Very nice job of selctively choosing a period of time on the chart that favors your contention.
Last edited by tigertrader; February 5th, 2012 at 10:24 PM.
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True, any time frame can be used to support any "mis-information". But I hardly cherry picked 10 years from today. What would have been better, 11 years, 3 months, 8 days and 4 hours? Perhaps 13 years, 8 months, 22 days and 6 hours?
Do you think I've been waiting for the last 3 years to make this post, just hoping the market would rise so I could provide you with "mis-information"? I was just going through some charts this morning, thought to myself "I wonder what the performance has been over the last 10 years"? I was quite surprised.
I'm not trying to start a debate about buy and hold. Probably a poor choice of words on my part. As the title states, I was just trying to add a little perspective to the constant negative news flow that we've had for what seems like forever. This was just something I found interesting, 10 years of performance, from today.