For good reasons and bad, I’d hold tight. The good include my faith in capitalism and its ability to weather a storm, even one of biblical proportions. The bad reason is, I have no faith in my ability to time this sort of thing. Even if I got out in time, I probably wouldn’t be able to correctly time getting back in!
I remain a broken record. The song remains the same. I am sticking to it. Successful investing includes taking risk (where bonds clearly fall today, I admit), diversifying and keeping costs down.
~ Ted Aronson, head of AJO Partners with $22 billion under management, "Lazy Portfolio creators remain stock bulls," MarketWatch, Paul Farrell, June 22, 2013