[TacticalCoder]

> One effect of this is that stocks historically average about 8% a year.

And stocks in rising interest rates environment only average 6.4% a year, not 8%. Here's a study over 13 periods where interest rates rose in the US since 1962 to 2020:

https://www.lpl.com/newsroom/read/weekly-market-commentary-r...

So, indeed, many are now simply doing this: selling (or pausing their buy/DCA) stocks and taking the guaranteed yield.

I typically considered USD/EUR toilet paper but at 5.6% short term I'm now putting some of my money in short term treasuries. And I'm DCA'ing the proceed into stocks.

> This will probably drive the market down much further than it has in 2022.

I remember my family (in the EU) getting 13%+ interest rates on government bonds when I was a kid.

We're "only" at 5.6%: rates have and could again go much higher.