I am in the same boat as Bananas.
RK, it depends on how old you are and if you have time to absorb a layoff or bankruptcy. Those of us who are close to retirement have less time to recover from events beyond our control. Everything looks great right now, but a single "event" could change that in an instant.
An example I can offer is that I basically got hired by a large brown box carrier 2 months after I arrived in Dubai the summer of 2007. I was assigned a class at brown box in early December 2007. They were supposed to hire 500 guys in very short order. Of course the economy slowed and hiring at brown stopped the end of December and 350-400 pilots were put on the street in January 2009, for about 4 years. As much as I wanted the job, common sense at the time prevailed. As a result, I was a captain here the entire time versus being on the street during the financial crisis. Pure luck. Stuff happens and you have to think about how bad things could possibly get.......and it is not just all "Blue Skies".