I was reading an article over at Seeking Alpha and here is the conclusion.

"The first way to play this thesis is to de-risk. Use this as an opportunity to reduce equity exposure and expect another large sell-off. Use this cash to enter at a better level or to increase gold/bitcoin exposure. Aggressive investors can consider shorting the index or increasing volatility exposure."

I am not into bitcoin.  Otherwise, this advise is very similar to what I am doing with the ITA portfolios.

Lowell