Friday Charts: The Best (And Worst) Investments Of 2013
Wall Street Daily | Mar 08, 2013 01:40AM ET
Words mean little on Fridays in the Wall Street Daily Nation.
Instead, we let pretty pictures do the talking for us. Each week, I select a handful of graphics to put important economic and investing news into perspective for you.
So I’ll (mostly) shut up now…
Buy and Hold isn’t Dead!
Earlier this week, the Dow closed at a new all-time record high of 14,253.77.
It’s been 1,973 days in the making, in case you were wondering.
And for the handful of investors who hung tight through the financial meltdown, their portfolios are whole again. Finally.
So who said that buy-and-hold investing is dead?
Is it Time to Buy or Sell?
I’ve already dedicated an entire column to dispelling the myth that a new record high points to an imminent end to the bull market (see here).
Just for good measure, though, here’s a fresh reminder from Bespoke Investment Group…
They crunched the numbers on one-month, three-month, six-month and one-year returns following record highs for the Dow since 1900.
Their conclusion? There’s “not much credence to the argument that you should not be buying equities when the DJIA is trading at all-time highs.”
“Not much”? How about almost none? As you can see, the Dow actually performs better, on average, following new record highs after six months and one year.
So keep buying stocks. And don’t quit until the Fed stops printing money…
Remember, it’s All About the Fed
I told you before that the Fed is the main driving force behind stock prices (see Original post
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