Ok, I am a StockBroker/Financial Planner and I'm going to go on record.
Several months before Y2K, we had several talking heads on this board proclaiming the end of our civilization. The majority believed at least "something" would happen. And I was in the small minority that said "nothing" would happen.
I'm here to say it again.
And if it does (it won't), don't worry about owning stocks or gold. An AR and some ammo is all you'll need.
If you are looking to invest, the market is in a good "buying range" right now. I'd wade in using "dollar cost averaging." Take a portion of your funds, say 10% and invest that amount systematically each month. If you are investing monthly in your IRA or 401(k), good for you. What you are doing now is buying at a discount. You are accumulating more shares for less $, and it will pay off when the market rebounds.
Sure we had a bust in the technology stocks, but that was a result of the process, not the product. We will see amazing leaps in technology in the next 10 years, and will see the Dow well above 30,000, and the NASDAQ well above 10,000.
Always keep some cash on hand. You never know what bargains you might pick up.
I made a steal last year on:
1. An M-16 at $1-2k below the prices at the time
2. A 2nd house (rental), paid $105, it appraised at $135
3. A 4X4 blazer for $1800
When people are desperate, your cash can make you some good deals. Right now, the stock market is getting desperate, that makes for good deals.
"It is time to buy when there is blood in the streets"