Thanks Duper Man, I thought I had remembered someone thinking and planning the way you had just mentioned, but wasn't sure.
I'm sure if we all thought out of our little boxes from time to time, we'd be better for it, instead of being stuck playing what the little black box says we should be doing - which worked great before the October lows. Capital preservation is one thing but being risk averse has been very costly in terms of opportunity loss, esp for those who only trade the long side of things and end their day heavy in cash. Some day it will be the right thing to do.
It'll be interesting to see how this does play out over the next several months.