Thursday, April 17, 2008

Buy & Hold are you Nuts

Do you think the markets are volatile?

Blame it on the Nintendo kids.

Well, we baby boomers created them. Every time they pushed that control button they expected Mario Bros to instantaneously jump. When the game didn't workout, they crashed it and started all over.

Time flies, those kids are adults now. Some of them trade the stock market with the same intensity they used to play Nintendo. Except this is real life with real consequences.

Add to this, real time charts and quotes, point and click trading , computer triggered orders, real time news, pre and after hours trading ..etc.

This tells why I think it is nuts to buy and hold for the long haul. Not for the average investor. Not anymore.

Opposite to what I said in my previous posting if Google reported a miss that stock would have tanked, may be more than $79.

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