What I would like to know, is how forecasting for a "Major Correction" as you put it, is not worth the stress of nutting through the details?
If you could save yourself potentially over 10%, wouldn't you? That way, you'd be 10% better off from selling, and then buying it back for the ride back up...
To dismiss correction fears is unwarranted, and should only be for those who don't actually trade, but rather just buy and hold - probably for the majority of people on HC, this isn't the case.
As for "Major Correction" - if you think a crash or a major correction are the only 2 options, then I hope you are 100% cash, as we are only about 7% down, and a normal correction is 10%. So what is a major correction? We must have at least some more to go by that reasoning...
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