Depends on your tolerance for risk...
I moved a large chunk of change between funds to metals and mining again.. All of the current problems (inflation, deficits, gov overspending and printing money, oil price and energy issues, iran, etc) still look super bullish for that sector.. All of the predictions for recession, spiralling interest rates, inflation (hyper?) crashing dollar, crashing house prices etc are coming exactly as planned. The data is now starting to show many early symptoms of exactly those effects.
To me this pullback was a buying opportunity..
That ONLY applies to mining and commodity to me.. I think that common stocks will fall for a long time.. Recession is almost certain will it be a depression etc is the more worrying question..
This book
http://www.amazon.com/gp/product/159...52016?n=283155 is pretty scientifically laid out.. The second great depression is its name and I think theres a chance he could be right.. Not certain of course but even a slim chance should be guarded against. The empire of debt is worth a read too..
Of course I am a minority viewpoint.