Investing Strategy

After a day like today, it's always good to take a long hard look at your portfolio and point out what is not working, and at the same time look for what is working that is not in your portfolio.
Here is what you should see in there:

• Defensive stocks (food, liquor, tobacco, and high yielding stocks)
• Bonds ( I don't care if you own munis (municipal bounds), or the total bond market ETF AGG, buy more)
• Oil related equities
• Precious metal

While I personally don't recommend shorting the markets, money can still be made buying index puts, or even going long on one of the new ultra short ETFs, like SDS which will capture twice the loss of the S&P 500, up +4.62% today. Putting a small portion of your money out of say, your small cap growth funds, in there would probably be wise.