Thoughts for the weekend.....

Since October 2007, when the bear market started, the Dow has given up an amazing 7,640 points. I'm looking at the market now. The Dow is at 6512. At this price, the Dow has lost more than half of all its gains since its lowest point in the Great Depression, which was 41.22 recorded in July 1932.

Remember that this is in nominal dollars not in real inflation adjusted dollars. So the losses are even more than 50% since a dollar back then was probably worth more than 5 times what it is now. I have somewhere in the neighborhood of 50% cash now. But eventually, the government will try to seize that cash for the "greater good." What should I do with it? Ship it offshore? I do not think that there are any places to hide.