I think in retrospect that I just project out my own inner mental state out onto the world, so if i feel like my own life is maybe heading for disaster, i see the potential for disaster everywhere in the world and am risk averse, and if i think things will be pretty good, i act that way too.
My wife blithely has always just dumped everything at full risk into the market in her 401k, because she’s just not worried about a damn thing, she fully accepts the ups and downs of it all, while I generally think about things as if they are all on the edge of being revealed as a giant scam and ready to implode. Of course, my wife’s course has been better.
The last few years, I have surrendered to the probability that in the long term, at least till the end of my brief flicker of life on earth, the horrible wheels of capitalism and consumption will continue to churn pretty much as they always have. I no longer believe myself qualified to offer or even hold any opinion on where we are, whether prices are “high” or “low”, or to know anything about how to live or be.
except that bicycles are the only thing that can save us.
Anyway, I apologize for being part of a chorus of people who apparently were under the impression they knew anything and talked you out of a good windfall.