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Dow Theory Update For December 4: Why Buy And Hold Is Dead

|Includes: DIA, GDX, GLD, IYT, SIL, SLV, SPDR S&P 500 Trust ETF (SPY)

Trends for precious metals and US stocks remain unchanged.

Zero Hedge reports that the average lifespan of US corporations in the S&P 500 has never been shorter. Now is down to a dismal 15 years:

http://www.zerohedge.com/news/2014-12-04/here-reason-why-average-lifespan-us-corporations-has-never-been-shorter

Do you still believe that buy and hold for individual stocks works? This is why even when dealing with individual stocks, a Dow Theory filter (i.e. being out of all stocks when a primary bear market has been signaled) is a very sensible course of action.

Sincerely,

The Dow Theorist