So much is happening now. Civil unrest spreading like wildfire...

So much is happening now. Civil unrest spreading like wildfire (including now China), soaring food prices and major food shortages looming (including China), war ships entering unexpected areas (eg, Iranian warships about to enter the Suez canal for the first time in decades), yet the markets are still holding up reasonably well so far. This is all on top of the usual fears of how long can the US continue to run on unprecedented amounts of credit (not forever that's for sure). I'm taking I think Voltaire's advice and not falling in love with the up trend, and I do believe we need to be cautious about possible market crashes. Clearly no one here knows the immediate future with 100% certainty. In such turbulent times we need to be more careful than ever. For the time being, Oscar is right - buy the dips - but I'll be watching the markets more carefully than ever from now on.