A problem of liquidity

Primer on my investment outlook

Just something that I have thinking of for the past few days. Everywhere liquidity seems to be drying up. A stock I owned, just a small percent of my holdings is defaulting on its convertibles. Another mining company has been suspended from trading as it has no working capital recently. It looks like the risk aversion that characterized the last boom is going away. I am personally looking for an exit for most of my risky positions.
Lets see how this plays out. Just get the feeling that this crash will be sudden and unexpected.