“Silence will save me from being wrong (and foolish), but it will also deprive me of the possibility of being right.” -- Igor Stravinsky
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.