For the most part, I've been sitting on the sidelines for the past month with cash reserves in all the investment accounts I manage. The debt ceiling debacle together with the do-nothing-but-stymie-our-economy debt ceiling legislation together with weak US and Eurozone economic numbers together with the Eurozone debt problems together with weak (or non-existent) economic leadership on both sides of the Atlantic have only added to my resolve to wait until there is some light at the end of the global economy tunnel before committing to non-cash investment alternatives.
On the other hand, with 30-year US Treasury yields sitting at 50-year lows, is there an opportunity (albeit longer term) to short the US Treasury market and ride the yield curve up as yields inevitably rise over the next few years? I'm considering this possibility, but there's no rush since the Fed has effectively said they will maintain a low-interest-rate policy for the next two years.
But, for the moment, still sitting on the sidelines ---
