I have not re-entered meaningfully, but I am tempted to.
I don't think I will. I have said that I didn't believe this drawdown to be "the big one", and it looks like I was probably right about that, too.
I do however believe that we're now off to the races, and that the real correction will come sooner than I had previously anticipated. I did think that we had another 10% up to go, and I still think we might...but it's not as sure a thing, and I think the path will be a choppy one.
I prefer to sit it out, and I will, because I can.
On another note, the dollar businesses did well IIRC last time there were problems. I told a friend to buy them the other day, and he dragged his feet...then the food-stamp non-news came out, they tanked, and he bought. I have told him to hold onto them, that news was ridiculous. DEMS will be back in power soon enough, and the program will not only be maintained, but likely expanded greatly.
IMO THAT is what should be driving thinking now--Dems winning Congress soon, and combining with big-spending Republicans, the spending driving everything including the fed. That is the scenario for which we are now preparing.