Welcome to the backside of 2009. The SPX is up about 1.5 % for the year after the 906 close of 08, so lots of time for little bang for the buy and holders and you also had to endure the 30% move down to 666 and then the return move of up 40% since we hit 666 in early March. We have been fatlined since early April when we jumped the first 40% in a month. Yes in fact, we have been at the same levels for the past near three months since we hit these same levels in April. Very few bought the bottom exactly on March 7th, and gained that 40%. Yet Wall Street will attempt to sell you that buy and hold works, yet, if you missed those first 20 days off 666 to 920, what have you missed? Three months later we are still trading @ 920 and the only way to make money in this market beyond that first 20 days is to trade. PERIOD> Don’t believe the hype from Wall Street pundits. Keep it nimble and trade your way to profits. Buy and hold should just be called buy and fold.
