2006-2007: lobbied (unsuccessfully) to have my "retirement money" (trust funds) moved to move conservative investing. Failed. One trust fund moved to new manager (at higher fees, of course). Too soon to tell if my lobbying will have any effect. It's not really fair to expect them to do anything other than invest in stocks, bonds and "cash." Point on my side: my fears about MBS, commercial paper, etc. vice Treasuries sound a bit less paranoid in late 2008 than they did in late 2006.
Things I can control: In EARLY 2004 I cashed out a small IRA and netted maybe $50K. Nearly all of which soon went into gold coins. Since then, I've added slightly to that position. This is my disaster hedge. Also bought a .38 last year. i plan to stock up on some canned goods too (a good idea in hurricane country -- FL.)
No telling what the future holds. I'd love to see my gold drop in value, and stocks come back. At this stage I think Dow 3000 is more likely than seeing 14000 any time soon. That will be the time to buy stocks.
I've got nothing against an honest day's work, provided that someone else does it.