Here is a story from CNBC.com on September 23: "Buy-and-Hold Investing Makes A Return After Turbulent Year"
I am not a fan of the "Buy and Hold" philosophy, although I will concede that it worked (very) well, generally speaking, during the 20th Century.
As far as the present and future is concerned, I wrote an article titled "Does Warren Buffett's Market Metric Still Apply?" that discusses various factors that are highly relevant to the "Buy and Hold" investment strategy.
SPX at 1044.38 as this post is written