it was going to get much worse and if I was wrong and lost out on a 5-10% bounce before I could get back in, I would much prefer this to riding another 20% or more in losses. I figure I would sleep better this way also.

As for when to get back in, I also think this time will be different. Unlike trying to predict future economic news that goes along with trying to time the market (which is never good), here we will see in real time when positive news starts to turn things around. And given how low I think it will be going, I think I’ll have plenty of room for error and still be in the good for having sold.