Cat

Never even considered my very small (on a relative basis) bank holdings. 

This was all about a strategy and zero to do with a setcor investment or a stock market forecast. 

Note that the data mentioned was from the year 2000 which includes the 2007 - 2009 severe downturn and for the banks, it was more severe than the market. And still owning the single identified bank stock produced a 16% average annual return from 2000, 60% better than the banks in general and what, maybe three times to four times what the market did? Might have even beaten you?

That is a reasonable strategy that requires zero forecasting. 

Of course employing it would require committment to a sound strategy and not worrying about / trying to anticipate / forecast every little or even big market swing.

The 2007 - 2009 bear market didn't shake many real investors. And if that one didn't, I seriously doubt that the next one will. The declines just mean more shares / more income.

SFI