[Uncle Miltie]

I used to keep 95% in stocks.

I’m at my historic low of 50% stock / 50% cash and short bonds.

There’s nowhere in the world to make money with an optimistic outlook.

The whole world is pursuing horrible economic policy.

Until someone somewhere rejects Keynesianism, we’re all going to just feel lousy, earn no money, and be underemployed, and fight one another for scraps.

Democrats will love it, because Envy is their primary political tactic. Creating wealth is not their goal. Creating Envy is their goal.

[Sam Gamgee]

Sadly even so called conservatives (GW Bush) fell for the Keynsian nonsense when he thought it prudent to cut taxes while running massive deficits. Every time we hear “stimulus” or “pump priming” that comes right from the ivory tower liberal jackass Keynes. What government leader wouldn't want to hear that “it's OK to be fiscally imprudent” while they pay off their constituencies.

[eyedigress]

I’m still at 98% aggressive stock. I will probably revisit that in the next few weeks.