These and other financially stressed derivative issues may/could spill over into the mREITs and/or banks. Money may exit from anything remotely having to do w/ Illinois debt, their unfunded liabilities and even to a greater extent all the public/private unfunded pensions (think of every school district in the U.S.).
Oil also in a Bear market and may/could test recent lows . . .
So there are a lot of possible Black Swans waiting to fly . . .
No I never sell everything and move to cash but I apply more discipline to my new Buys and focus my reinvestment proceeds into low/no leverage w/little debt, low PE's, DO NOT reach for yield and currently have highest cash position looking to get invested.
EKS