Oil is cheap. I am long some as a hedge. I am buying stocks. Mostly I have small positions in companies I want to have larger positions in. I sold all gold. I have added to my TIPS. I am avoiding commercial real estate. I have been looking at investing in vacation homes but they are being bid up hard. What I believe is happening is rich peeps are finding their happy places to hide. No judgement... just observation and wondering how it affects our recovery. Like many I am sitting on too much cash. I mainly watch the markets for opportunity but also looking at other investment ideas. I want to add more real estate and dividend payers but the risk level is high so I am adding slowly. I have too much cash. I need more ideas and I don't have them yet.
Take a vacation. Sit on your cash. Limit your intake of news/world events. Relax. Three or four weeks from now, come back with a freshened outlook and take in what's going on. Look for opportunities that were not available now. Act as prudence dictates. Do NOT rush a trade. (finger wagging in caution...)