Mostly: Classical

[Canuck Dave]

We should all frame Frank's previous post.

He got it just about right. The only thing I would add is that capital preservation is your number one job as a trader. Capital appreciation is number two. An investor can ride out 40% retracements, but only if you've got deep pockets.

Since this is the way I make my living, I can't afford to hold "for the long run" when it looks like the short term odds point down.

So I run.