I agree. When it tanks, it all tanks, at least for a while. I currently have very low exposure to stocks, but I still own some dividend stocks & energy/commodity stocks. But they'll get hammered as well if we get another panic. If I thought we were really close to that selloff, I'd be at zero exposure, but I don't have that 100% confidence in my predictions.
I'm not sure what TIP will do. Maybe it well sell off some if we get another deflation scare. (I thought I should mention TIP, since this IS the TIP board.) I hope to increase my TIP holdings again when/if I can get a better price.