-57% Drawdown Still…

Six years after the Spring 2000 Nasdaq crash, from a buy and hold perspective, the index is still in a -57% drawdown. That’s a long time for all of us generations who were constantly told to sit back and just trust buy and hold. Then again, as I have said often, the Japanese surely don’t believe in buy and hold. Their stock index, the Nikkei 225, is still in the middle of a -60% drawdown spanning over 16 years. That’s tough sledding for buy and holders.