I'm still in (never got out) and doing pretty well with that portion of my investments. Imo you forgot the most important item: Wallstreet LOVES gridlock in DC and that's coming. Now is the time for long-term investors to be buying imo...YMMV. Betting against equities (and the US economy) in the long run is a losing proposition imo as equities historically provide the best returns over time. If the US goes down in flames, it won't matter what you're invested in (to a degree) imo. Of my equity positions, about half are high dividend stocks (5-7% returns).
edited: I'm also diversified about 50/50 between equities and (solid, paid off, income producing) investment properties but I'm small potatoes