I admit that I don't know much about investing but I would think that if you expect a plunge, stocks like P&G might be your best bet. They make stuff people buy regardless. Oil on the other hand will tank with a plunge in the economy and soar with a strong economy. It is very volatile while P&G is not so much. And they pay a reasonable dividend. Too bad that Buffett isn't my buddy, I could use a friend like him.
I'm no expert either, but he sold them off in large chunks. Everybody knows you don't do that if they are on their way up.
Mioaks Southbound Sammy JH
Leatherwood's Here's Your One Chance Fancy