Many Wall Street fund managers know only to play offence, pushing up stock targets even when economic indicators signal otherwise. Many stock analysts recommend the "buy and hold" strategy despite obvious signs of impending market upheavals, such as a recession or high inflation.
Convincing clients to "hold" on to their "offence only" assets ensures a consistent income from fees for fund managers, which didn't play out well for investors during the market crashes of 2020 and 2022. Economic crises triggered by the pandemic and the Russia-Ukraine war caused massive panic-selling, where many investors lost their hard-earned money.
