It depends on how China reacts when its debt bubble pops. Personally, I'd err on the side of letting the recession play out with some intervention, but only whe

It depends on how China reacts when its debt bubble pops. Personally, I'd err on the side of letting the recession play out with some intervention, but only where really needed. If they over-inflate the Renminbi the knock on effects are going to be pretty dramatic globally. I sold almost everything. I don't try to call the very tops of markets, it's too hard. Having things ready when the pullback happens is good enough for me.