The sentiment out there is feeling very negative – it appears that the momentum in the marketplace has completely stalled out – in fact, it can easily be described as negative.
There will probably be some sort of technical micro-rally in the next few days that will take the S&P 500 up a few percentage points, but my guess at the moment is that the next leg to drop are going to be commodities – even more so than present.
I am struggling to think of any “safe havens” for cash, and only core utilities (power, natural gas) come to mind – but these assets have been bidded up.
It may be that the only safe haven is cash.