I finished transferring all of my university pension accounts from mutual funds to money market funds. I know that the put/call ratio and T2108 are at levels where bottoms or bounces have typically occurred. But this time may be different with a pandemic on the horizon. I would rather take the chance of missing a 5-10% rise than experiencing a 20-40% decline. So I am safely in cash on the sidelines. My trading account holds a little UGLD and SQQQ and remains near record levels. The speed of this decline suggests to me that we may be in the early stages of a bear market.