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Friday, July 01, 2005

Buy and Fold

The Daily News took a look today at the performance of major stock indices over the past 5 years -- all are down. The Nasdaq is still at 40% of its 2000 high. And the raw numbers ignore inflation, so the real performances are worse than they look. It will take the "buy-and-hold" people who bought in early 2000 decades to get back to even -- just like it did after 1929.

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