At some point, all financial instruments look bad, but non-financial markets remain: it's possible to go out and buy goods and services, and it's possible this

At some point, all financial instruments look bad, but non-financial markets remain: it's possible to go out and buy goods and services, and it's possible this leads to a better end result than holding financial instruments as long as possible. Even when the market isn't bad, it's still a good idea to consider your balance between financial and non-financial assets. The whole point of holding financial assets is to eventually maximize your non-financial assets, after all.