Batten Down the Hatches

At the end of September I sold some more stock into the rally, and I will likely stand pat for a while. So, my current asset allocation is 46% cash, 36% real estate, and 18% stock. I think the party is over for a while, and I am now waiting on everything.

I think the worst of the credit crunch is passing now.

However, I think a recession or near-recession is finally upon us. The worst of this sluggish period will likely be in the first half of 2008.