That’s the thing isn’t Skid, it can be crystal ball gazing at times, selling today when the US markets are already 8 or 9% into what may only be a 10% correction can be a fraught with all sorts of uncertainty in itself, then there is the risk of mistiming a re-entry, could be tomorrow or on any day that a FED official chooses to sneeze, could gap higher and then that humble 1% differential less brokerage and tax is toast.
You may have jumped out earlier on, but for others to have a go today they would have to have cajones of steel or some serious skills to make such an equation routinely work.
Still generally I think for most folk, the risk of being out of the market is greater than being in until the central bank tightening cycle concludes, that’s a fair way off yet, could even be 2016 IMO.