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I liken it to the risk of a building catching fire. We know that it's possible and we know that fires do happen and so we have smoke detectors in buildings and we have fire brigades.

In the meantime though we carry on living as normal, we don't spend our time fretting about the small possibility of a fire. Only if the alarm sounds or we smell smoke do we become concerned and in that case we take it extremely seriously until proven that it's a false alarm.

Same with the markets. We know that major declines do occur and should I see the signs of one then I'll take it extremely seriously. In the meantime, make sure the alarm works, know what it sounds like and what you'll do if it goes off but party on so long as it's not sounding.