radelow, I’ve been doing the same slowly for a while. I also do not short since I am smart enough to know I don’t know enough. After this drop today, I am finally up overall for having pulled money out of the market. The big question is, when to start putting it back in?
Do you pick a date (I’ve heard October–don’t know the rationale) or do you pick a random number, like 12500?

The biggest and smartest thing I’ve done is move away from anything that is heavy on financials, homebuilders, and consumer discretion. I have been heavy beer and band-aids since spring (as well as foreign since ’05)

-one muggle

ps. I’m not more risk averse, since I’ve been skittish for some time. Now I just feel less timid and smarter (or less stupid, at least) for being risk averse.