Bigworld, It looks like Jamie Dimon may be right about the return of 1970s type stagflation. Rickards has also been predicting a recession later this year, combined with stubborn inflation.
Fwiw, I dropped the stock allocation down to 18% (from 28%), so will try to go with that. On the geopolitical front, while we managed to avoid the 'US bombs Iran' scenario (for now), the Ukraine situation appears even more dangerous than ever. Add in the upcoming election angst and uncertainty, and I figure it makes sense to limit the stock exposure.
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