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To keep the market going up, the market needs more buyers than sellers in terms of aggregate dollars. Bogleheads and DCA 'evangelicals' are not going to liquida
by raincom 7y ago
To keep the market going up, the market needs more buyers than sellers in terms of aggregate dollars. Bogleheads and DCA 'evangelicals' are not going to liquidate their equities; so, they are happy to preach truisms like "you can't time the bottom", "time in the market is better than timing the market", etc.
Market is driven by 30% fundamentals, 70% herd psychology(technicals try to capture some of this). Keep that in mind when you evaluate answers here.
Longs want you to join the market to make their assets safer. Shorts and those who are on the sidelines, want to time the market by half a standard deviation; so, they want you on their side in order to break the price support of any ETFs/indices, etc.