*Cue Bud Light Music
Pikertrader.com salutes you Mr. Buy and Hold Investor!
Mr. Buy and Hold Investor, you stuck it out from 1997 to now. When the market roared in the tech bubble you didn't sell you said "I am holding for it to go even higher www.PuppySweatShirts.com is going to be a great business", when the market tanked after the Tech Bubble you called your Broker and said "Buy, the market will go higher and buy 10,000 shares of Enron it's a steal". Then from 2003 to 2008 you watched your portfolio soar to great heights and tumble to great lows, yet you still held. You even bought Lehamn Brothers, Bear Sterns, AIG and now Citi.
So congratulations Mr. Buy and Hold investor you have invested for the last 12 years and your returns are negative, while your adviser, brokerage firm and gov't has raped you of your hard earn cash, you sat and did not sell but bought more and held on.
So we salute you Mr. Buy and Hold investor and may the next 12 years be as awesome as the last 12
Today was a great day. I wasn't even at the torrent today but managed to look at the market at 3:42 today and see the greatness. One thing that I noticed was it was an orderly step-by-step take down. Volume was somewhat low and $TRIN wasn't even above 1.00.
