15 Oct 2009

Taking a Random Walk

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Many experts will tell you to stop studying the economy and the markets, that the best thing to do is “buy and hold.” Apropos that advice:

Congratulations investors. The Dow has hit 10,000 on October 14th, 2009. You now have made officially 0 percent return if you invested in this index when the Dow first hit this magical level in 1999.

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