Good indicator
US unemployment is a good indicator of the worldwide economy. It now sits at 9.8 per cent compared to 3.3 per cent in Singapore. We'll be out of the woods when the US unemployment rate drops below 6 per cent, but it won't be soon.
In the meantime, (i) keep your job, (ii) don't take big risks and (iii) don't lock up your money in investments that you can't touch for 20 years.
The golden rule is 'stay liquid'. You might need the cash.