On Wednesday, the S&P 500 ended the day down 0.3% and Toronto was down 0.2%. Earlier in the day the Dow had been up 200 points.
As of this evening futures are indicating a moderately negative start to trading on Thursday.
I am maintaining a somewhat cautious stance with about a 70% allocation to equities and 30% to cash. This is not really all that cautious but it positions me to take advantage if better bargains emerge.