Nah boet - I think you have fallen victim to herd mentality. Sure you may have a sleep easy night knowing that you have exited your portfolio - but what if we rally from here? Imagine how bad you are going to feel then! My personal strategy right now is to dump all the risky stocks - those with high debt, and those with dwindling assets or production volumes (i.e. miners on production declines). You should be comfortable with the sustainability of your company. Part 2 - access to credit is, and will remain, a bit of a problem for the forseable future. Expect it to get worse. So if your stock has capital intensive projects in the pipeline - get rid of it, rather pick it up as a growth story. Part 3, make sure you have cash to cost average your good stocks. Buy at every 10% or 20% pull back level. Part 4 - div's are king. Stick with the high yield dividend stocks (defensive). At least you will get something out of a protracted bear market, if it happens. Part 5 - if you are really worried about short to medium term, hedge. Start looking at warrants or CFD shorts on your more volatile portfolio (although you want to hedge on a pull back, rather than at the bottom end of a dip). Part 6 - you gotta believe! Be greedy when every one is fearful, and ignore the mass media