[quote=Bubblesitter]Resurrecting an old thread. My level of risk aversion is again reaching relatively high level. The Europe sovereign debt problem that is likely expanding has me a bit spooked. The Chinese property market is in serious bubble territory. Endless large deficits for years as partisan deadlocked congress won’t address near term or long term structural reform
Stocks been reaching good levels recently, perhaps time for another big pullback?
Nervous Bubblesitter[/quote]
Totally concur with your feelings, Bubblesitter.
I was shorting from late 2004 through October 2008, at which point I got out of all positions except for long Swiss bonds (now out). Only now, after over two years, I’m beginning to feel like shorting again. It certainly feels very frothy, with just as many risks (or more!) as there were in 2007/2008, IMHO.
I think we’re going to see the dollar strengthen while asset prices fall. We can hope. 🙂
