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Totally, normies loaded up on ETFs to get “exposure”.
Even just normal portfolio rebalancing would have them selling a bunch, to buy more stocks on the way down.
Exactly right. Then add all the advice to flee "risky tech stocks" like bitcoin. What's the rush? Low time preference.
Totally, normies loaded up on ETFs to get “exposure”.
Even just normal portfolio rebalancing would have them selling a bunch, to buy more stocks on the way down.