correction than 2008, so she took ALL of her money, including all of her retirement savings, out of the market. She was also very stubborn and not a fan of the sunk cost fallacy. When I was talking to her about this, it had been about three years and she had missed out on something around a 50% increase while her money was sitting doing nothing. She was around 40 at the time, so she had a very long-term horizon. Just a ton of money she missed out on by doing that.

The point being, of course, that yes, the market will likely go down by a significant margin sometime in the next 10 years, but over the last 100 years, almost everyone who has tried to time something like this has lost money.