Before we explain what the first graph below represents, have a look at its price action during the 90s tech-fueled bull market:
Same question. Would you?
Note: While said measures won't protect us from the shallower, say single-digit to low-double-digit corrective declines, we anticipate -- as they did during last year's washout -- that our hedging activities will produce meaningful mitigation amid a deep selloff.
Digging a little deeper, let's consider valuation.
Here were the price to earnings (p/e) ratios during the 90s tech boom (the S&P value and growth indices were established in the mid-90s). Purple = growth, blue = value: