The revenge of “buy and hold”

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How well do you remember what happened in March, 2009?  That was the month that S&P finally stopped its historic downturn and slowly turned around.  While I don’t have exact numbers, my memory is that most news stories at the time were predicting a short upswing, then the dreaded “double dip” recession that would take stock prices down even lower.  More importantly, I don’t remember anyone saying this is the bottom and will get back to our highs in just ...

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