[Cajundaddy]

Different fund managers play it differently. I think the best ones sit tight. Timing the market is almost always a loser. If you have some holdings that are still really high after a run up and want to take some off the top it makes sense. Selling in a free fall usually ends badly because you lock in your losses. Think of volatile markets as paper profits, paper losses with long term gains built in. If anything, this week looks like a good time to buy rather than sell.