"Another GFC and the share market will be pasted - really don't...

"Another GFC and the share market will be pasted - really don't get your point."

People aren't as highly leveraged in shares, so they are only losing their money and not the banks. I spoke to valuers in recent years who said if the banks had released all the mortgagee sales at once they could have crashed the market. The drop to emergency rates gave them some breathing room to tread water and avoided that, but its increasingly obvious emergency rates are now just taken for granted as normal, well, they are not.

After what I saw happen in the US weeks ago I lost all confidence that this is actually a recovery at all and I got out.

As for shares, Blue chips acquire smaller players through a crisis and emerge stronger plus the market is far more liquid than property if you need to bail quickly. I will be holding 100% cash until the silly tax selling season next year when hopefully the global picture is clearer. If it is I will be buying a couple of properties as well.

Until then I am sitting on the sidelines watching.