Again, the strategy of individual investors is to ride down the market believing it will come back since it always has. The exception is when a recession is anticipated, then a subset following the ride it down and back up strategy will sell their positions and go to cash.
It is a matter of whether you have faith in the U.S. or not.
But do you have faith in systematic strategies employed by hedge funds. What about the strategies of CTA’s, Commodity Trading Advisers. And what about the trillion dollars or so under management with Risk Parity strategies.
Huh? I can’t hear you.