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Article stating that Buy and Hold is dead

Someone emailed this to me from MYMag. It is basically saying that buy-and-hold is dead:

The following day was a spiky roller-coaster ride, the dow traveling down over 100 points, then reversing course for a 290-point gain. It was precisely the kind of day that day traders love. Milman made $18,000.

The percentage of traders like Milman is small, but it’s not just day traders who are approaching the market with a short time-horizon these days. investment bankers and hedge-fund managers who might have once based their trades on ...

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Ed Barsano Creator