a quick look at the markets show us that QE infinity has been good to the US equities. Most emerging markets are in correction mode for quite a while, commodities have lost their shine too and bonds investors last year took a beating. Well.. I know have been wrong in not participating to the party but since wealth protection is part of my DNA I just think that in a world where you have to “arbitrage” basically very low “secure” returns vs high risk monetary and economic policies it is better to risk little than too much.
I do believe that for investors the time has come to allocate some net “short” position in equities as a hedge to increasing disbelief in monetary and governement policies.
good luck to all