OK, tech is just ripping higher. QQQ is up almost 500% from the 2009 lows.
But, it’s only up about 20% from the highs in 2000. That’s a paltry 1.17% return per year from the previous high.
Tell me again why buy and hold works.
Powershares QQQ Trust (QQQ) monthly
Stay long tech until further notice.
Worldwide equity markets continue to rip higher. Continue to hold and always be prepared to be nimble.
Trade Smart,
Don