RE:RE:One sensible way to play....Don't disagree except that I think we're much closer to the FED fold than most people do. The Jan economic data is highly distorted with "seasonal adjustments"...it will look much worse going forward and things can fall apart very quickly forcing the FEDs hand. That's why I bought a tranche of I80 Friday and will scale in over the coming Fed meetings / months rather than place a large bet now. 95% of my net worth is in Tbills of a year or less so I do agree that for now cash is king