Financial preparedness is something everyone should look at seriously. When the current bubble breaks everyone who isn't ready will be caught up and it will get ugly fast; there is no SAR.
Unfortunately, the subject of financial preparedness can easily go political very quickly, it's the nature of finance in a time of government bail-outs. But what if there is a crash and there is no bail-out? All you can do is look at your personal situation realistically and develop contingency plans accordingly.
How secure is your job and paycheck?
Are your retirement funds dependent on the health of the stock market(s)?
How much cash can you afford to hold outside the bank?
I saw a chart yesterday that indicated the next market crash has already started; it was fairly compelling based on previous crashes showing an identical pattern. It will take time to fall but not as long as it took to rise. What I'm reading/hearing is "sell the rallies".
No issue here, I'm not in the stock market at all, that chart reaffirmed my decision from years ago.
FWIW, YMMV, This is not financial advise, I only know what some other financial expert writes; those guys are wrong a lot.