the difference is that boomers have lived through more than one market cycle and we know an inevitable "correction/crash" is coming. The wise will take action in advance (e.g. move to cash positions) to lock in gains, then repurchase at what feels like the worst point of doom & gloom. A 50% loss needs a 100% gain to recover... Plus inflation. Factor in opportunity cost and it might be closer to 120%.

The first and last lesson in investing is DON'T LOSE MONEY.

Sadly, many have to learn firsthand that markets don't grow to the sky forever.