Equities, yes, I totally agree, and I am somewhat skiddish any time I go short U/J because I do feel it isn't going much lower. Granted, we might have a bad day or two in between, but I don't see anything below 7500 again, so close enough for the long term investments.
If I had the cash to simply sit and wait, I would load up and do just that...however, we all know what a whipsaw or move in the opposite direction will do, so I just keep on keeping on.
Mama and Daddy always said it's how you play the game - trade to trade well and the rest will fall into place ;-)