The market was way overvalued for years and any attempt to time it or sit out was punished. Now it's giving back some of the excess. I try to think of it as if my bank made a mistake and gave me money I didn't deserve and then took it back. Yes you could have cashed out big in February but the markets been going up for 10 years so you would have had to guess 1 out of 120 months to sell and then guess when to go back in which is unknown.
Hardest thing to do is rebalance. Bonds are high & stock is down so you should be selling some bonds and buying some stock just to get back to your mix goal. Very hard to do!
