Im a stock enthusiast and think they will fair better than most investments for a few good reasons.
1. Stocks are not tied to the dollar. This is important for any discussion with my gold bug friends. So even if the dollar goes to zero, hypothetically, not all of your stocks will because the services those companies provide will be valuable to currencies that are in good standing.
2. The rise of index funds. Index funds have lower turnover and generally refuse selling of holdings. With companies like Vanguard alone holding 3 trillion in assets, it will be a tremendous stabilizing force in turbulent markets.
3. Stocks rise with inflation defacto.
4. Just in the last 20 years we have gone through the tech bubble, y2k, Hail Bob, 2008, Mayan 2012 and the latest armageddons include September 23, 2017 and of our the looming collapse of the USA.
So Im not going to blow sunshine up you butt... No, there are serious reasons to be concerned but I would suggest keeping it in prospective.
First, extreme levels of negativity rarely make money. In fact, historically those have been the times to invest.
Second, the Great Depression was caused by a debt bubble, financed mechanizing of farms going bust along with general debt fueled living... Oh wait, that does give some cause for concern. Along with the fact that its when your 401k gets smashed that you usually lose your job-- but again perspective. Those crashes were all a buying opportunity and if you cant buy perhaps your dividends can. Short of a complete collapse that you can never really escape from... yeah thats the point. Extra food.. yes. Bug out bag.. yes.. some guns.. sure. Forget investing so I can pay off my house early but after I lose my job in the collapse and I was putting all my money in my house trying to pay it off early...... It pays to diversify.
Conclusion, keep contributing to your 401k or IRA. At least insure you get your match. Even if you don't want to invest do it. Its free money for goodness sake. Its an emergency fund if it needs to be.
I do plan on staying out of bonds. I will do so for a couple of reasons. First, I think there is a debt bubble and rising interest rates can smash the trading value and therefore principal in bond funds. And bonds dont really get the interest, to return the principal, that can be destroyed from going from 0.5 to say 15% interest rates. Unless you are buying individual corporate bonds but then it won't be liquid enough for you to access it in a time of great turmoil. And lets face it you have a small suspicion that Trump is going default and negotiate on treasuries if he has to right? He has done this before with Trump debt and old habits diehard. Yet he is still here and still successful.
And now that I have left plenty of room for you all to rip me a new one. I will wait until you supply your manifesto so I can promptly destroy it. Cheers