It's always a good idea (imho) for a trader to be very far from Wall Street --both physically and psychologically, because the mob mentality can be overwhelming. My personal money situation got insulated about a month ago when I went 100% cash --Investor's Business Daily; never leave home without it!
Hope you made out ok. Had a gut feeling about 1 1/2 years ago and did the same thing then. I also advised an elderly family member to do the same and we are both very relieved about the decision. Enjoy paradise for us!
I just looked at IBD’s web site, and there’s an article about how it’s better to stay in the market and ride the lows so you don’t miss out on the “best days” of the market. I don’t think my nerves can handle that right now because I don’t think this is a typical downturn. But I was wondering, if a person sells their holdings and puts the money into cash when their loss is say 20%, and the market goes down 40%, then the person buys back in before the prices reach the prices they sold at, isn’t the person still ahead?