We've got a lackluster economy that can barely get off the ground - and that ground may prove to be a ledge- and yet analysts are calling this the "Year of Equities" because "there's no other choice."
Are they on drugs?
At the risk of being a broken record: Stop chasing yields. Cash, cash, cash.
When markets come back to earth, as this one must, cash goes UP in value significantly. Just because there's no mechanism that publishes a formal return on cash, doesn't mean there isn't one.
Question: It's 2006, given the choice between real estate in the sunbelt and burying your cash, interest-free, in a box in the ground, whose got the better rate of return.
(Note to the literal minded: I am not recommending cash in a box buried in the ground. Short term US treasuries, cash notes in storage facility you can trust etc.
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