The correct action last year was to flip bearish and be negative at highs. Most failed to do this and are so angry they've chosen to stay hyper peak negative at lows. This is the worst response you can have. Obsessing over the draw down will make you miss the rise back up. If you fumbled last year, you need to learn from it and move the F on. Most are being like a guy who played one horrible round of golf and won't stop obsessing over it, thus ruining every round he plays in the future.