Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Is short selling a good hedging strategy during overzealous market conditions?
Right, wrong or indifferent I see account gains of nearly 50% so far this year; now being January 23, 2016.  That is  mostly staying on the short side.  I am not adverse to long positions at all; only hop to the other side when the tide turns. I will probably end up castrating myself on the fence at some point.