I agree.
As far as the Shemitah crash is concerned, I think it will only get worse. Look at this this article.
http://www.wnd.com/2015/09/volatile-dow-sheds-nearly-500-points/?cat_orig=money
Household investors, who constitute 90 percent of U.S. mutual fund investors, can typically transfer money from the equity-based mutual fund options in their 401(k) accounts into the “cash equivalent” money market options within the family of funds managed by the same mutual fund company, without paying surrender charges or transfer fees.
It’s one way to cut losses retirement investors are seeing in the equity mutual funds within their 401(k) accounts. They can sell today while the Dow is still trading above 16,000, rather than suffer even greater losses.
For those who have taken losses in their equity mutual fund investments, the only other option is to realize that the losses are on paper, not real losses, until the equity mutual fund is sold.
Stock market cheerleaders encourage equity mutual fund investors to hold on, realizing that should the stock market climb again to new highs, the “paper losses” experienced today will be erased.
Unfortunately, transferring into bond funds may not be a good strategy for “mom and pop” retirement savings. In the current economic situation, both equity and bond funds are under pressure to take losses, due to the uncertainty in equity markets, caused by the Chinese stock market collapse, and in bond markets because the Federal Reserve could raise interest rates soon, perhaps even this month.
My advice would be Jonathan Cahn's advice from August:
MESSAGE FROM JONATHAN CAHN: AUGUST 2015
Get out of the stock market - now. Get out.
Don't let your greed or normalcy bias keep you in. If you have to pay penalties, it might be worth it. But I would move your money. Even if there is money left there after the coming crash, Obama and our government have designs on it.
80% of IRA/401K and other investments go to the top 20% of wage earners. When the EBT and welfare riots begin, Obama will seize what he wants.
