[balls]

Are you serious? Are you suggesting most retirement accounts moved from equities to fixed income securities, money market funds, or cash, in the nick of time? It's an empirical fact that most people stayed with stocks. Let's not use hindsight to debate what they should have done, because they didn't do that.

[NerdDad]

>>Are you suggesting most retirement accounts moved from equities to fixed income securities, money market funds, or cash<<
Actually, I did (he says, realizing he is one of the lucky ones). I looked at my 3 previous quarters and saw that I was losing ground. I moved everything out of stocks and into low interest guaranteeds. Then I borrowed half of it and am paying myself back 1.25% more than the guaranteeds. I took that half and put it into the economy by replacing an engine in the family van, buying Clarinet-King a new horn and getting two of my dogs fixed (and a few nice things for me & Mrs. ND).