Here’s an article which

[Ash Housewares]

Here’s an article which postulates that the boom-panic-boom-panic we’ve been seeing recently may continue for several decades.
http://articles.moneycentral.msn.com/Investing/JubaksJournal/HowToRideTheBoomPanicCycle.aspx

If this is true, then simply waiting out this storm with cash on the sidelines may not be such a great idea. You could be waiting a long, long time for things to stabilize. For most investors (non pros, especially with long time horizons) the implication is that it is better to remain long in equities but become diversified.