I agree with what you’re saying but I just don’t understand why these people hold at all. I know that these stocks will be back up in months/ years but you can save yourself tons by hopping out at the first signs of a big drop and as long as you buy back in below the price you got out at. I know timing the bottom is an unknown but you don’t have to be a genius to at least make it work for yourself more times than not. Anyone watching the news and at least being slightly current on financial events should have been able to see this coming.

For example I’m a fucking full spectrum autist holding spy puts down 50 percent (proof I’m retarded). I didn’t know this extent to which this was going to fuck things up, but I at least knew that things were going to get pretty bad. I sold all my SPY and DIA shares I had in my IRA back in February for minimal losses and as long as I buy back into SPY under $322, I saved myself money. Why doesn’t everyone just do this?