I mean, competitive, publicly traded markets like the stocks underling SPY are not manipulated long-term. Index fund investors are not being "suckered." People

I mean, competitive, publicly traded markets like the stocks underling SPY are not manipulated long-term. Index fund investors are not being "suckered." People who get convinced that they can time the market or pay someone else to time the market are the ones who are "suckered." > index funds a lot less attractive as a safe investment for normal people As long as you aren't day trading, I don't see why this volatility ought to even be a concern for normal people. I'm not buying/selling based on 5% shifts in the market on a day-to-day basis.