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Taking a bearish position can indeed reveal its allure over time.

In the US stock market, declines often happen swiftly while recoveries are gradual, especially in sectors with intact fundamentals, driven merely by market panic or short-term selling.

When you identify the sources of risk and decide to go into cash, it doesn't take long before the market completes a retracement of several months' worth of gains in just a few days or weeks. As panic subsides, that golden opportunity arises, which serves as the source of future profits.

The timing for going into cash and waiting isn't prolonged. However, all of this is contingent upon strong industry and sector developments.
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