My October Rage Gauge is in and it seems like the frogs in the pot have no idea what’s going on around them. When someone tells me they can handle a 20 percent hit because they’ve “made” so much money in this market, I think to myself, “they haven’t done the math on a 100 percent hit.” Another month has passed and more records have been broken. Now would be a good time to think about protecting your portfolio. You never know when the big hit is going to come.