cudaman: tar42: Jerry, fred answered it very well.
I don't think Fred was addressing selling at a loss. His advice on taking "profits" has some merit which I would apply in the form of rebalancing when my fund % exceeds its AA target.
Your question involved selling equity at a loss and somehow not calling it "selling at a loss". You stated gambling played no role in your question. My point is it has everything to do with gambling if you intend to buy it back, as was the scenario you put forth.
Jerry
Jerry, do mean >"Jerry, would you consider it "selling equities at a loss" if one sold some shares of a fund and then rebought even more shares(with the sale prceeds) at a later date when the fund's shares had fallen 15%?"Whatever, Jerry. No use debating when we're 190 out.
Since you don't time, don't buy stocks and consider bear mkts buying opportunities and probably feel that 99% of articles written in magazines on evaluating stocks, managed mutual funds, and future forecast are porn, I would then guess that the 1% that most DH's feel is non-porn must be passive articles.
