Unfortunately, classic BUY
AND HOLD investing
will
continue to under
perform. According, our trading allocation in
”investing” accounts is 50%! [Before 2000, it was
10%]. We also
believe Sector investing will continue to under perform as investors
continue sort out the strong and weak companies within
industries. On the bright side, numerous crises, past,
present
and future, will create many new profitable opportunities for
investors. Remember in 2006, as in 2004 and 2005 ,
it’s
investing in
a
market
of individual stocks more than trading stock markets that most matter.