Well, good for you! If you are whole hog long and have a very long term perspective i suppose you could survive this market without getting skinned alive, but mere long-term survival isn't a very attractive objective to me. I'd like to make some money now, not just break even 10 years from now. I really do wish you were right and we were in an incipient raging bull market, but the reality is we are not. We are going into recession. For that matter, we haven't even closed the March 18th gap up yet! We are just getting started with this bear market, and you may reasonably expect it to last several years.
mak, I was going to reply, but then noticed gkishot's answer, and I can't say it any better than that. Cheers.