I bought some defensive stocks the last two days, i.e. consumer staples and utility stocks, just to lose a bit of money right away. So I stopped to put my ear to the ground for a while, to see if I could detect the rumbling that might be the approach of that big T-Rex.
And by the way, my cash portion in absolute dollars went up despite the buying; my stop loss orders on energy stocks tripped like crazy. Needless to say, that cash portion is even higher, in percentage. Two months ago, I purposedly sold enough to sit dumb and happy at 50%. It is 69% as I am writing this. What a ride down!
PS. I also follow international stocks (developed nations, not some little backwards countries). Some of them drop as bad, or worse. However, precious metals have not gained any ground either. I take that as a good sign.