I sold all my stocks on Wednesday and my mutual funds on Thursday. I look at it as profit-taking while the profit is still there. Sure I gave up something by not selling at the exact peak. But that's usually not possible. I don't normally try to time the market, that's pretty difficult to do. I'm in it for long-term appreciation, and dividends. I use dollar cost averaging which to some extent takes advantage of the corrections that are bound to happen. But this dip scares me. I want to be safe against getting wiped out if this is the big one. I'm old now, I don't have 10 or 20 years to recover.