Buy-and-hold is dead! Long live buy-and-hold! The heavily punctuated James Paulsen of Wells...

|By:, SA News Editor

Buy-and-hold is dead! Long live buy-and-hold! The heavily punctuated James Paulsen of Wells Capital Management notes how closely sudden, "permanent" shifts in market-timing thinking are tied to the performance of the underlying bull markets. (Paulsen letter, .pdf)