The Dow futures are down 500 points for tomorrow. All indications are tomorrow will be bloody for the stock market.

I've retreated to a position of 41% cash. Not sure that's enough, anyone have any opinions on this? Better yet, anyone who knows what they're talking about have an opinion on this?

This is Tobijohn's area of expertise, he normally checks in after 5:00 eastern time.

Dale its over bro. Cash is king. Real estate is over.
The US and the world economy is going to come chrashing down

Save all the money you can but not in a bank account, bit in a safey deposit box. And keep as much as you can at home.

Gold has always been a good investment.

The stock market is gambling with someone else gambling your with your money.

Real estate is good but you have to invest wisely something like .25 cents on the dollar. Keep in mind that oil is over and energy stocks will rise and fall like the tides.

Whatever you have now is what you will have in the future.

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My focus is primarily on Forex and my methodology is technical (i.e. price data) so I can't speak to the fundamentals that drive the stock market. However, from the perspective of technical analysis, I'd say the party is over for a while. When the market has come this far down from the highs this fast, it doesn't just turn on a dime and go screaming back up to make new highs. Too many people still in the market are going to look to get out on subsequent rallies so that will put a damper on any dramatic upside moves. Even if the market eventually does go higher, it most likely will move sideways for a while before it does and that could be months. If I remember correctly, after the 87 crash, it took over a year to make new highs.

As for asset allocation percentages, I wouldn't know. That would be a financial planner or advisor's area of expertise. However, from a trader's perspective, I'd be short this market or at least neutral at this point in time. Keep in mind though, I'm talking in terms of days, weeks, maybe several months. I'd also have points along the way not yet established where I would be getting back in on the long side.

If you're wondering if the last month's action might be an indication of where the market might be in two or five or ten years, I don't think so...