View in context, Economics 16, September 2022

Lots of active managers are telling their clients 'Just buy and hold, don't look at your statements in the short term. You have to invest long term. And investing when the market is low is better than when it is high when you're doing long-term investing.' Their sentiment, however, is largely that the market will continue to bear in the nearterm (couple months, midterms, etc).

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