Things don't seem to be getting better very quickly here.
I had a discussion with a "Technical Analysis" person recently. He seemed to think the idea of substantial cash in reserve was really a bad idea. With the market "up" so much this year, obviously there was no need for a cash insurance policy.
I wonder when it's best to buy insurance. Before the house catches fire or afterward?
I'm content with the gains I've had this year and don't mind buying a bit of 'insurance' for my portfolio in the form of cash.