Anybody want to talk me out of this?? No. You need to protect yourself. You need to be able to sleep at night.As for what I expect, I have calculated that:"The market is highly likely to drop another 20% to a P/E10 level below 11. The market could easily drop another 50% to a P/E10 level below 8. This would be well within historical norms."Odds are that being out of the market won't hurt you. Later, you can ease back into the market at more favorable prices.Reference:January 2009 Stock Allocations http://www.early-retirement-planning-insights.com/January-20...Have fun.John Walter Russell
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