Interesting quote at the end of that article from a guy that manages a Horizon's ETF.

With a bearish outlook on the equity market, independent investor Dennis Gartman, author of the influential Gartman Letter, has a firm view on what people should do with their money.

"Stuff it in the mattress or put it in the bank," he told Reuters. "Earn what little return you're going to get, because it will look wonderful compared with how much you could lose."