I think, and within context of below allocations at this juncture of the evolving direness, still pretty ugly much as i did back at end of 2002 per this vid reposted to google video.google.com
I am now allocated OK, at
26% cash (9% cad, 9% usd, 7% hkd, 1% chf and misc)
33% metals (9% pt, 9% au, 15% paper gold)
29% rental real estate
12% equity (2.6% energy, 3.4% gdx and such, and misc)
Going forward I should up real estate allocation by and by, initially still w/o leverage, but be ready to add more by introducing leverage, and then serious leverage.
I think cash flow will remain precious for some time, with no danger of short rate rising, and I believe the best shopping days, and long days at that, are in our future.
I believe the supposed bottom-feeders now will learn a valuable but impractical lesson, a lesson they will not be able to take advantage of in their lifetimes, soon enough, by devolving into bottom-feedees when we reach fresh and refreshing lower lows.
S&P 400 on US equity index wait be my “let’s pay attention” point. And, as for USA housing, a 75% haircut or, practically speaking, head-chopping, would be a reasonable level to anticipate, and that level should be reached before long term mortgage rate heads up in any serious way. After LT rates heads serious up, all bets are off on USA real estate, especially if accompanied by rewriting of property tax rules to be still more disadvantageous for-sure.
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