No. But cash is a position (that comes with missed gain, I know).
My defensive strategy is a combination of cash, calls for profits, and defensive puts to protect any sizable new position.
I'm not dumping my port, but I'm being careful to not over exert it either.
It seems like a burst is being primed but who knows when that is going to happen, could be tonight, could be 2 years from now.
I've heard plenty out loud. 2007 was actually more actively warned. I feel like. I had plenty of time to prepare and came out ahead. But I had much less to lose. It was similar. People were acting like it's a big deal. But not enough of us. The old "it won't happen to me, not my children" type of thing.
So what you gonna do? Dump your port?