Sure, there are a lot of indicators all pointing in spooky directions. The problem is that the time frame in which these indicators actually indicate anything i

Sure, there are a lot of indicators all pointing in spooky directions. The problem is that the time frame in which these indicators actually indicate anything is well out of the planning range of most folks' investment capabilities. You _could_ shift everything into much lower risk investments, but the storm we all see brewing may arrive tomorrow or it may arrive in 15 years. Unless your investment career has many more decades left in it, that's probably not actionable intelligence. One thing about investments and wealth in the U.S. that became apparent during the last few corrections is that the people that have the most to lose are also the people that have the most control over the regulatory levers. What this means is that no matter what is happening in any particular market, if big fish are losing lots of money, the U.S. government will do absolutely everything within its power to reverse that trend - even if it means socking it to the little guy. As long as you can manage to keep your wagon in roughly the same circle as the investment class, you'll have the best protective fiduciary policy and legislation that money can buy...