[Dalko43]

Should be no surprise or pain for anyone in this market. Market goes up and eventually goes down...this is simply the way things are.

Invest in low-cost, efficient market tracking funds.
Avoid hedge-funds or hyper-active funds like the plague. Avoid commodities.
Re-balance occasionally.
Rinse and repeat.

There's no point in fretting over whether a market is going to tank. The market will always tank eventually. Make sure your portfolio is balanced to an acceptable level of risk and simply ride out the storm...that's the best most individual investors can hope for.