Recession coming ... strategies?

[David Epstein]

all, a recession is coming.  No I don't know when, and am not seeking to time the market or even predict when it will happen. But recessions always come and the current recovery/expansion/bull run is lengthy by historic standards.  2017? 2018?  Later?  I don't know.

That said.  Assuming a stock market downturn in the next 6-18 months with attendant economic effects (rising unemployment, declining interest rates, dip in home values), is anyone waiting on the sidelines and holding cash to either pounce on RE and/stocks when they drop 5-20%?

Thoughts?

Thanks as always to the BP community for thoughts and insights.