Time To Abandon Buy And Hold? No: Time To Buy
Source: http://thestockmasters.com/gordon-gekko-102708.htmlPosted on Monday, October 27th, 2008 | In Market Commentary
Contributed by: Stockmasters Staff (http://www.thestockmasters.com) -
Japan’s 26-year low will shake the conventional investing wisdom to its crumbling foundation. Investing for the long term is one thing. Investing for a long-term that might have to defined as “many decades” is another. We are not aware of any other developed country stock market that has traded at less than one-fifth of its peak value after 26 years. We hope we never see one again. To put that in a horribly familar context, the equivalent in our market would be DOW 2,800 in 2034.
More from Henry Blodget at ClusterStock.com:
http://www.clusterstock.com/2008/10/time-to-abandon-buy-and-hold-no-just-buy-cheap
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