Do you remember the Great Cash Pile? When the financial crisis was at its height, we were told about it time and time again.

During the agonizing descent to the lows of the 2007-09 bear market, snappy lines about moving remaining funds to the “Bank of Posturepedic” surfaced. Buy-and-hold was dead.

Consolidate and conquer.

We’ve pretty much seen it all this past year— a bear market, a long rally and even a period of neither-up-nor-down. But even though we’ve only got a few weeks left of 2009, you still …

The cult of non-participation revisiteddodjit.comBy March 2009 when the bear market ended, stock prices had plunged to the very levels that were seen when non-participants turned bearish all those years …
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