I moved almost all my stocks to bonds either end of last year or beginning of this year for this very reason.

If my day job was trading, I'd be watching the market constantly, making trades to squeeze out every little bit of profit before the crash. Since I have a demanding day job, if I were still heavily invested in the market I would be nervous as fuck all day everyday wondering if today is the day I lose 30% of my 401k.

Yes, I missed the stock rally since January. But maybe you've noticed that bonds - which have been in the toilet for years - are now gaining. Apparently, you and I are not the only ones understanding the fall is coming.

I understand that the crash won't be like 1929 or even 2008. Too many corrupt politicians have seen to it that Wall Street bailouts are now semi-automatic. But at some point, the fact that the emperor has no clothes will become obvious. You can't have such high value across the market if only the top 1-2% of the world (10-15% in the US) has any disposable income. To continue with tired metaphors: It is musical chairs. Due to FED manipulations the music is still playing, but there are a LOT more people than there are chairs.