Portfolio allocation, page-39

"I get a very strong impression that this group has breezed through the last 6 months and is in a better position now than before."

For me, the jury is still out. Time will tell. I'm not sure I, personally, would use the word "breezed" - for a few days there I was hiding under my bed. The market doesn't give bargains, en masse, unless there is something real to be fearful about. There was. There is.