Comment by diogenescynic

Even if bears are occasionally right, they aren't right often enough to really be a winning strategy IMO. Look at the S&P500 gains for the last 10 years, some years it's down, but most years it's up. 99.99% of people won't be able to sell at the top and buy at the bottom, so you have to just dollar-cost average and invest in the total marke. FI you do that--you're going to be fine because even if the market is down 22% in one year, it's up double digits 3x as often. You have to just invest with a long-term perspective and can't worry about 6/12 month time horizons.