I'm assuming that during the Great Recession, you did quite a bit of juggling to minimize paper capital losses. For your retired clients I would understand, but for your own personal portfolio, i wonder what you did.
What did I do personally? I am very fortunate to have essentially no overhead (no mortgage, credit cards or car payments), consequently I have a very high savings rate relative to my income and needs. As a result my equity allocation is quite low for someone my age to which I would add I hope to do this work until I am very old--my dad is 85 and remarkably fit. While I do not think I would have an emotional reaction to stock market volatility (which would distract me from my job) I have removed the possibility, I'm 25-30% equities. My view on what my job should be leads me to conclude that I should not be spending a lot of my time trading my account.
If you look at my archive of posts (I don't really expect you to do that) you will see I was very early in recognizing the market was going to have a problem so I bought a levered inverse fund for clients and sold maybe half a dozen stocks out of about 35 holdings before I started buying back in slowly in early 2009 (I did add to our Statoil position in late 2008). Is that "quite a bit of juggling?" You might think it is, I don't know but that is what I did for clients.
Obama's press conference last night at 6pm eastern was fascinating. He was furious, I mean really angry over how the republicans are behaving with these negotiations. To be clear, I am not expressing a judgement on the republicans behavior merely stating that this is what is making him so angry.
I've read criticisms of Obama questioning his leadership, mostly from republicans or people otherwise on the right. This episode has given me the impression that somehow Boehner and company don't have the proper amount of respect for the person occupying the Whitehouse.
On a lighter note Friday's stage of the Tour de France up Alpe d'Huez was fantastic. Congrats to Pierre Rolland for an amazing stage win, tracking down Alberto Contador shortly before the finish.