Nervous Nellie Strategy #2: Raise cash; lots of it. Of course, cash pays almost nothing thanks to our hallucinating central bankers, but zero will be your hero when things turn ugly.
Nervous Nellie Strategy #3: If you have some capital you can afford to speculate with, you should consider taking out some portfolio insurance with inverse ETFs and/or put options.
In reality, you probably need a combination of all three of the above strategies, because the recent good times aren’t going to last.
Tony Sagami leads the Yield Shark and Rational Bear advisories at Mauldin Economics.