| This is not exactly rational behavior. Exactly what behavioral finance has found. IMO, investing well is less about making the right picks (buy x now, sell y

| This is not exactly rational behavior. Exactly what behavioral finance has found. IMO, investing well is less about making the right picks (buy x now, sell y now) and more about saving yourself from yourself. After the market has been down for 8 months, people get scared and feel the need to get out of stocks. But that's exactly the wrong time to get out.