Buy & Holders- Concerned About the Predicted 2017 downturn?

[Jay Helms]

Hello my fellow long-term buy & hold -ers.  The more I listen and study (from various sources local & national), the more I hear the experts talking about an upcoming downturn in the market. Some folks have sold off their assets while others are starting. 

Assuming you agree a market downturn is around the corner, regardless if your next opportunity hit all your criteria, are you planning to be in acquisition mode going into 2017? Or are you waiting for the blue light special ( a couple years from now) and plan to back the truck up?

Specifically want to hear from some folks who went thru 2006-2008 in acquisition mode. How did it work out and anything you would change going into the next downturn (regardless of when it happens)?