now 17%. I shifted to A, A-A or A-A-A fixed income and corporate funds.

To put the conservatism in perspective my portfolio is worth the same today as it was when the market was above 8700 last November.

Treasuries of course are an option but are headed (again) to a negative value....a shoe box would net the same results.

If one is conservatively positioned and do not need the funds for at least a year (2-5 years is a better horizon) then just sit tight.

While I have no confidence in the bail outs and the mortgage give aways because of the architects...Pelosi, Frank and all the other stumble bums...I do hold hope for what may come from Obama's economic team. He has at least had the foresight to put together a group of top notch supply side economics experts.

Too bad they did not have the foresight to get out ahead of the mindless give away programs.

On the job training takes it's toll.

BTK