Its Over, page-20161

If you look at this BHP chart, we can see that the stock rallied hard up to Oct 2007 when it hit $37.19, and this is also when the US market peaked. Those who bought BHP at that peak, had to wait 3+ years to see its price clop $37.56 but they wouldn't sell it because at that point, the thinking is that it is poised to scale higher. It did not and fell sharply and never recovered until Dec 2020, so all in all it was a 13+ years wait.

Arguably we are now at the juncture when the US market is IMO close to peaking (at best <=1 year) and those who bought at or close to $50 could wait considerably more, similar to the above. Especially if China struggles economically over the coming years and we have iron ore abundance coming out of Simandou in Africa and BHP gets hit big time by the impending UK class action suit.

All time view
BHP Stock Price and Chart — ASX:BHP — TradingView

The point I am making is that these large cap stocks do very well periodically but they are cyclical and could go into hibernation for a long time too. A Buy and Hold market participant can do well over decades, sure, but only if they didnt buy at the peak, which is what most do because they buy quality when we have the bull market. They could do better too, avoiding the period in hibernation to invest elsewhere and buying back when the cycle favours the stock.