And because everybody sees the risk, it is already priced in.
The stock market is unpredictable precisely because everybody is trying to guess what is going to happen next. Dollar cost averaging takes the guessing away.
The stock market is unpredictable precisely because everybody is trying to guess what is going to happen next. Dollar cost averaging takes the guessing away.
The bubble can't pop until most investors believe it's not a bubble, it's the new normal. As long as they believe it's a bubble they'll have money on the sidelines to throw in whenever it goes down.
Or at least it can't pop for purely financial reasons. It might still pop if, say, Anthropic and OpenAI both announce they've hit the scaling wall, or Iran somehow bombs TSMC, or a court rules they have to pay a royalty to every book author every time they answer a prompt.
Developing the habit of investing at frequent regular intervals eliminates the desire to time the market. And that's what threads like these are about, for most people.