I think now is an excellent time to cash out anything that is in a tax deferred account. A taxable account is a different issue and would require some thought. The market has bounced back strong but valuations are super high and demand is really low so something is going to have to give. My gut tells me that there will be a break down in the market and once it starts heading down there won't be much to stop it this time. I'm staying on the sidelines for now.