[quote=Hobie]
Question: What are you going to do with your money once you exit?
[/quote]
Well. That’s exactly the reason that I am still almost fully invested right now. I think cash itself is an investment vehicle and I don’t want to hold too much in that basket either.
I think it really depends what will be the dominant risk that will make equity market less attractive at that time. If it is deflationary, then cash is not a bad choice. If it is inflationary, then maybe some commodity bets. As for government bond, I actually started a small position to short long-term treasury last week. 4% for 20-30 years bond? I do think those investors are having too much hope in America.
