Outsider, If one is prepared for a crash with cash, bring it on!  And that's the trick to investing and life, being ready to take advantage of "whatever".  Myself, the market could tank like it did in 2008/9 and I wouldn't sell a single stock or stock/bond fund.  Instead of collecting dividends and distributions to personally invest, I would put everything on auto-pilot and dividend reinvest and buy more shares of what I already own in the down turn (bear market).  Very few folks seem to understand that financial investing/planing is really life cycle planning for you and even more importantly, your family.