Stock Market about to crash again

Need some advise from some of you SMART investors.  Not looking for any arguments.  Save you smart-azz answers and try to be serious. 

The Stock Market is headed for another crash and very soon.  I am 100% totally convinced it is one gigantic oversold bubble.  Call it a major correction if you don't like the term crash.  But I am convinced a lot of people are going to get hurt badly.  Again.

My question is, how does a little guy like myself cover his azz?  And how can I actually turn a profit when this crash happens?

I have no stock holdings whatsoever.  Everything was converted to Gold, Silver and Palladium Bullion some time ago.  I am also holding some cash.  I own a modest 3 bedroom Ranch style house outright and also own a two-family house collecting rental income with a very small mortgage.  Both houses are in great shape with no problems or renovation work needed at this time.

I am age 55, wife 45, and we are both in good health.

What would you do if you were in my shoes?

What do I need to do to position myself to take advantage?

* OVERBOUGHT

Meant "overbought bubble" obviously and not "oversold"

If you think you know where the market is headed - correction - if you're sure you know where the market is headed and the only question is what to do - invest in binary options indices long term. That is a very good advice considering your conviction while the profits are imensly bigger than you can expect from any action of your described assets

Goose, people have been saying that for a long time this market is going to crash(including myself), and it has yet to happen. I personally just pick and choose my spots where to invest and mostly in stocks myself whether it be short or long. 

'Goose. ..  You are way ahead of most folks, and you don't need to cover your azz, since you have no exposure to equities when/if they crater..

Suggestion.   Do nothing for now.. You are doing fine. 

Market goes up... you still have your rental providing an income for you.

Market enters a bear market (-20%)... Think about buying "some" blue chip stocks.   Nothing like getting paid a dividend on solid performing stocks (i.e. GE, PG, etc.)

Holding metals like you're doing isn't a bad idea for the inflation sure to come... but personally I wouldn't hold more than 10% of your overall portfolio.

I agree with Rush essentially... you are in great shape.

I do think that holding far more than 10% in PM is a very low number.  I am buying all the silver I can.  I simply don't see a downside to owning silver bullion.

you missed getting up like 120% last few years-smart guy

I know personally that I'm waiting for a position in some of those inverse funds mentioned above. I think this summer could be like the one we had a few years ago when the VIX was in the 40s. When Paulson, Soros, and Buffet are selling then I take notice.  But I'm sure everyone else is seeing the same and are skeptical of a drawback.  Just reading about "confidence" in the markets has really clued me in.

Short the Euro now!!!!!  pick up a quick 200 pips over the next 2 days and make a quick 2000.00  thats what I am doing ... The euro is fu*Ked

Your in good shape Goose. Gl to us

may 29...

we off to the races... next tuesday could go up!

haha

may 31st... big crash... as tapering is the word of the day
200pts

LOL.  When the tapering begins,  then timber.

3/19---> 6/19...


3months

long the dollar... just a hunch... w.o QE12040 we will have a stronger dollar