"Don't you people see what's happening? Potter's not selling. Potter's buying".Jimmy Stewart as George BaileyIt's a Wonderful Life"Buy and hold is dead. If you're going to make money in this market, you have to trade.BULL!Tired of hearing it. Tired of worrying about it. The whole point in posting the "Death of Equities" article was simple - conventional wisdom, and a token, will get you on the subway. The whole world had given up on US equities and US companies and the US economy. The next 20+ years saw the greatest bull market in history. Was 1979 "too soon" to begin accumulating the shares of great companies? Of course not, unless your time frame was a year or two. And if your time frame were that short, you didn't belong in stocks.Is technology dead? The internet? There must be no one left who needs high speed connectivity at home, or a home network. All the bandwidth that will ever be needed has already been laid in the ground. Everyone has a DVR, a flat panel monitor. No company will ever find a way to use software to increase productivity or gain strategic advantage again. If your time frame is tomorrow, all these things are true. If it's forever, they're ridiculous. The Warren Buffett's of the world know this, whether their circle of competence is tech or toilet paper. That's why they're rich and most people aren't.A great many wonderful, promising companies are discussed here regularly, by a group of knowledgeable and generous investors. I thank you all for that. I refuse to go hide under a rock like some gold hoarding wimp. I'm buying! I bought last month, this month, and I'll buy next month. Conventional wisdom can kiss my @$$.Rant de jour,- Joe
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