[pyoung]

I agree that there is some risk, but I am not sure how I would be able to diversify any more than I already have. I have my money split into about 6 different index funds, primarily diversified globally, although I have a few industry/sector specific funds. And then I have about 30% of my savings in stocks that I picked, most of which are pretty stable companies with fairly long term future/outlook (so they would, in theory, come out of a recession in good shape, even if they took a few hits).

If there is some other asset class I am missing, let me know. In the meantime, I think I will take my chances with the market. Worst case, if things get bad, I can just go back to work (left my old company, in a fairly recession proof industry, on good terms)