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Yes, I've heard something similar, from statistics (can't remember where, so skeptics are on notice) that more money is (potentially) lost by NOT participating in these explosive up-moves, than is gained by being out of the market during down-moves (ie. much better to be optimistic, and in the market to take advantage, than to be pessimistic, and err on the side of ALWAYS preserving capital by being out of the market).

Makes sense (but I'm quite easy to convince, and always vote in the majority).

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