REWahoo
Give me a museum and I'll fill it. (Picasso) Give
With a couple of threads going about memories of the '09 bottom and the great current market performance, I thought this was an interesting article. Once again, history appears to be a great teacher.
Back on March 9 two years ago, gloom was overwhelming in the markets. Buy-and-hold investing had been declared dead. With stocks down 50% or 60% in the previous 18 months, and having fallen six months in a row, many investors were convinced the markets wouldn’t come back in their lifetimes.
And then, on a spring Monday of no real significance at the time, stocks bottomed out. Over the next few weeks the market would rise 20% as investors watched and argued about whether it was just another in a long line of false bottoms. It wasn’t.
Investor lessons as bull market turns two David Callaway - MarketWatchThe lessons for investors should not be forgotten. Buy-and-hold investment strategies did not survive for decades because they were fads. Investors who didn’t sell and held on — indeed, continued to dollar-cost average — did quite well over the last few years.
....And, most important, that the daily noise of news, opinion and protest we all live with, and which grows louder as we increasingly connect ourselves, often needs to be blocked out when making long-term or even short-term financial decisions.