Hi Elmat, <<Capital flight is reversing a bit ... uncertainties ... fear ... lousy economic policies and the taxman … more from where it came ... damage … slowly leaking out>>
I am, as noted many times before, weak on conviction. This lacking of ‘danglies’ can be discerned in my conservative allocation that is mostly cash, near cash, better than cash, and real estate heavy, and very much equity light. I believe the equity market will not go anywhere fast, and I feel the longer the USD holds up, the worse eventual fall will be.
In the meantime, I am neither betting without fear on inflation, nor gambling without trepidation on deflation. On the USD, I am not speculating ‘hog wild’ against, or with the USD.
Having said all that, my allocation is still, more or less (78% counting HK rental real estate, 54% excluding HK rental real estate), in the majority, USD denominated …
Message 16640103
My concern about the strength of the USD and its possible devaluation has been increasing over the past 12 months, and this is demonstrated by the fact that my beginning of 2001 allocation has been almost all USD …
Message 15333774
Yes, I know, I move very slowly in adjusting allocation, unlike the brave Abby Jo.
It should be apparent that, from my past real-time disclosures, I am occasionally capable of making some very fast and large-step moves, however, at this particular juncture, I see no reason to bet, when the roulette wheel is turning and die tumbling, and I see no reason to invest, when there is no compelling value.
Chugs, Jay |
