In other words - 'being out of the Market' (that has already fallen bigtime) - could in fact be more risky - than 'tying yourself to the mast' - and look away and focus on other things in life :)
"Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even.”
Richard M. Salsman
Those were those who ignored the chart blaring warnings and told anyone who expressed an opinion contrary to their FOMO laced confirmation bias to "shut up". The wreckage at the floor of the ocean is littered with such folks - "tied to the mast".