In the stock market, we always talk about possibility and hedge. Why don't we also have some hedge in reality?
Consider a possible DOW drop to 4000 or lower early next spring, and then
Consider a possible scenario that all the banks are gone, all the credits are gone, cash becomes the only legal tender, civil unrest rises before order restored...
Holding cash/gun/ammo is a hedge you must seriously consider now.
A prudent individual would realize that there is little or nothing to lose by simply holding "cash" and everything to gain.
Ignore at your own peril.