It will take a huge spike higher in the fear indexes like the VIX, more bears than bulls in the Investors Intelligence Poll and a lot of guts for me to go long more than just short term in the future.
Why not be more excited about going long? Because we have already had nearly four years of a bull market run. The SOX has already topped, even if the rest of the market is still capable of rallying on to new highs, I can't see the SOX being in favor until we get a big enough downturn.
But that does not mean I'm against buying stocks long in this group for a swing trade when the market makes a short term bottom.