Buy And Hope is the Way to Go!

asap · Nov 18, 2008

..NOT!

See for yourself.

yayt · Nov 18, 2008

Damn.
Source?

polpolik · Nov 18, 2008

I just had an epiphany:

this market is really f*cked.

nazzdack · Nov 18, 2008

Quote from yayt:

Source?

It's the DJIA. It's above reproach.

gnome · Nov 18, 2008

You guys are soooooo full of beans.

Market timing doesn't work because nobody can pick all of the tops and bottoms.

l2tradr · Nov 18, 2008

Quote from gnome:

You guys are soooooo full of beans.

Market timing doesn't work because nobody can pick all of the tops and bottoms.

True, but you don't need to pick all tops and bottoms anyways. You don't need to pick ANY of them for that matter

gnome · Nov 18, 2008

Quote from l2tradr:

True, but you don't need to pick all tops and bottoms anyways. You don't need to pick ANY of them for that matter

Whaddaya mean? I heard them say it on CN-BS, so it must be true.

jprad · Nov 18, 2008

Quote from gnome:

Market timing doesn't work because nobody can pick all of the tops and bottoms.

The argument for buy & hold is that you can't time the market.

But, as this chart shows, buying at the top can suck really bad if you hold it.

The answer? Cut you're losses, don't buy and hold a loser.

Sounds like market timing to me...

EMRGLOBAL · Nov 18, 2008

The sheeople have to come to light that the US STOCK MARKET of Equities is not the only place to put your money.

Plenty of other areas to invest in.

For some reason the last decade believes that the STOCK MARKET will make them rich beyond anyother investment.

canuckrookie · Nov 18, 2008

Buy and hold, buy and hope, buy and get raped. I have tried these strategies and all they did was make me poor. Trading is the only way to go in the markets. Everything is suspect and everything is a pump and dump as far as I am concerned.