Markets seethe in turmoil around the world, currencies are falling, Japan teeters, and gold - ignores it all. T-bonds linger around highs. The US dollar index stands at 102.50.
Deflation is the word that comes to mind.
On the other hand, when you bet it all on a horse that wins, you win big. To keep mixing metaphors, you don't want to leave all your eggs in the wrong basket, and it's a good idea to get them out a little too early. Get out of stocks and mutual funds, even money market funds. If the stock market melts down, the mutual fund bubble will burst most messily. Cash, cash, cash, get cash.