> If everyone is only buying and holding (except when they retire), then the market can’t really go down. Or can it? If a recession is bad enough that people h

> If everyone is only buying and holding (except when they retire), then the market can’t really go down. Or can it? If a recession is bad enough that people have to liquidate investments to pay the bills, investment mentality is irrelevant. As it happens, in this particular recession, office workers who may have money in the market are generally not doing too bad because they can continue to work remote. > (except when they retire) In theory, if the amount of dollars being liquidated through retirees is greater than the amount of dollars being invested by workers (when the entire boomer generation has retired), this could imply that markets go down.