Thanks Dodge. I don't think that his boss will fill this out. Not sure exactly what he said to my husband but he seems completely convinced we should sell our Vanguard funds now. He says he doesn't understand how we can go wrong, since he is very confident a crash is coming our way soon.
I'm not super well versed in finances (perhaps that is obvious) but I've been diligently reading for about the last year and half and trying to educate myself. However, my knowledge isn't very deep so I really don't know what exactly to say to him. His boss also invests in gold. Thankfully DH said he didn't think he wanted to invest in gold.
It is all a little frustrating (for me) to say the least.
Seriously, go through IndexView with him:
http://www.mrmoneymustache.com/2014/08/25/indexview/Put in any two years.

Then put in two different years.

Then two different years again.

You'll see, no matter which years you put in,

it looks like ***OMG A CRASH IS COMING***, because the line is so much up and diagonal to the right, it looks like it has no where to go but down! This year is no different,

Had you sold it all every year it looked like a crash was coming...you'd never be in the market. Let's not argue about whether a crash is coming or not, let's agree that it
feels that way right now. Like there's been a turning point, a division between an old era and a new era, and therefore past history is no longer a guide to the future.
And here's my point:
it always feels that way. That's always what it feels like. It's not a number, it's a sense that there's been a break, the ground has shifted, the rules have changed.
This is why it's so hard to stay the course. Your investment plan needs to be in tune with your own personal willingness to take financial risk. When you're deciding what your risk tolerance is, it's not a tolerance for the number 10 or the number 15 or the number 25. It's not a tolerance for an "A" turning into a "+". It's a tolerance for accepting genuinely-scary, nothing-like-this-has-ever-happened-before,
heralds-a-new-era news events.
When the stock market is falling, you can't cut back on your stock market risk without locking in a loss. If your DH is afraid of a market crash, and that fear is causing him to want to change allocations, that fear will only be stronger when real market risk shows up. It might be a good time to re-evaluate your position, and add more bonds. If you're 100/0, go to 80/20. If you're 80/20, to go 60/40...etc.
Then when stocks fall at some point in the future, you can sell bonds to buy back into stocks. But it won't be called market-timing. It'll be called rebalancing.