I can't speak for others who are staying in the market, but I don't see anything clearly enough to make any moves at all at the moment. But then I've never been able to see the future of the market and stopped trying to time it a couple of decades ago.
I am also one who is neutral in terms of future outcomes - I have no idea what might happen in my own life, or on a global scale, let alone the various asset classes.
The way I see it, is that most of the money in my portfolio I don't need for the next 5 years, a lot I won't need for the next 10, some for the next 20, etc. So I have plenty of time for my the bulk of my portfolio to recover. I prefer to ride out the waves and rebalance when indicated, than to try to time exits and re-entries.
In the meantime, I have plenty of cash equivalents to cover the next several years expenses.
I do think it very likely that we have a strong market selloff over the next few months (it already started as foretold by astrology just after the 8-10 Bradley Turn Date - it seems like everyone read the same script and decided to sell off big on 8-11). We are back below the bearish 50/200dma cross, the dreaded "Hindenburg Omen" has raised it's ugly head (last seen in 2008), it's the 2nd year of a Presidential cycle, which usually have horrible Sept/Oct periods - so all my technical analysis buddies are on bearish red alert.
But - I'll ride it out. That's what I designed my portfolio to do.
I expect more rollercoasters between now and 2017 or thereabouts. But as you can see from the past, we have had some pretty strong bull runs within our current "secular bear market" since 2000, so far rebalancing has been pretty effective (knock on wood) in spite of some brief periods of significantly reduced net worth.
Audrey