Buy and hope?

Wanted to pass along this story from Yahoo Tech Ticker.  It’s titled Don’t ‘Buy and Hope:’ How to Survive Until the Next Bull Market.

With the market heading lower again and the Dow hitting yet another new 11-year low intraday Friday, it’s hard to believe stocks will ever be a good investment.

But “there’s a bull market in our future,” says John Mauldin, president of Millennium Wave Advisors.

That’s the good news.

The bad news is Mauldin, who selects active fund managers for his high net worth clients, says any 1990’s-style bull market that rewards passive index funds and “buy and hold” investors is unlikely to arrive before for another five-to-six years.

I don’t know about waiting 5 or 6 years until the market turns around (I haven’t thought that far ahead) but I like the term “buy and hope”.   Just saying.

gk

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