Yeah, IMO now is a terrible time to be in bonds since rates are only going to go up. Equities are also dicey since I have a feeling that we are in an exuberant bubble–there are still problems with our economy that are being ignored by the market.

I’ve been keeping most of my new retirement contributions in cash..MM rates are low but so is inflation so at least I’m not at risk of massive principal losses. Until some more things shake out in this market I’m not comfortable piling back into the market.