Which part?<p>Because I&#x27;m more than willing to stand on those points as being accurate.<p>The assertion that you need someone to actually buy and hold stocks to have a stock market,<p>or the assertion that there aren&#x27;t pension funds and ETF funds willing and able to put 100&#x27;s of billions of money into the market?<p>These two types of investors act as dampers.<p>When the markets go south they are the ones who start buying up &quot;bargains&quot; and hold their existing positions because they aren&#x27;t worries about 6 month returns they are worried about 25 year returns<p>&gt; It sounds to me like you made it up.<p>You can think that if you&#x27;d like...  Since trading on the equity markets is my day job, I&#x27;m pretty comfortable with my knowledge of them.