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Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview

You don't understand that the current crash will wipe out such legendary investors like Mr. Laszlo Birynyi and many more, because the TOP SECRET of their previous success was that all they were good at is at buy and hold and were lucky just as many of you were lucky that your stocks kept rising for too long.
I have nothing against any guru as I know that this is the time for old stars to die and new to born.I am not even sure tha Seeking Alpha will be here for another 12-24 months as soon we all will realize the power of economic depression, people who are 80-100 years old ( my dad was born on majestic 1929) could tell you how it was in the 20,30,40,50s when markets crashed and people stood in front of NYSE with their new FORD cars to sell to buy food ( think today of Mercedes, diamonds, antiquities, fine watches etc. as it all will be dumped soon).
Stay away from the stocks if you are Mr.Laszlo style buy/hold type, only short term traders can make money as the power of the crash shaves value of all assets day by day.