100% cash. Started moving into preferds, debentures and corporate bonds last fall
they reacted slower than the market and allowed me time to get out,still got stung and I know how it hurts, can make you sick if you are not careful.This is my 4th meltdown since the mid 90s. last Thurs I could have bought IPL 6.875% Corp bonds for 77$ that is over 10% interest with 30% upside to redemption there was 177,000 available I held off and Fri morning they were gone. This will be the way I will move forward when this carnage starts to subside. I feel for all of us on these boards, stick with it start to rebuild portfolios carefully it will take time but money has no other place to go except these markets or under your bed
The Kid