I have 2 friends that tell me they made moves at 44k to avoid the losses. We haven't discussed specifics, but they're clear they cashed out, I don't know how much, or types of accounts, other than brokerage. I tried this for COVID and learned a hurtful lesson. This time I'm riding it out. Who made the right call? We all know Buffet piled cash but I don't view his activity as "timing the market."