Strategic Allocations for '09?

So where is you firm putting client money? What asset classes/sectors do you see outperforming for the year and vice versa? Distressed debt? TIPS? Value Equities? Long Zimbabwe currency lol?

We’ve been pushing distressed for a couple of months, and many of other firms we’re partners with have been buzzing about the same thing. Generally when a lot of people agree on something there’s no one left to buy those securities and there’s only one direction they can go…

Yeah the distressed and corp bond sectors are getting tons of buzz lately. There is this nice thing called cash that outperformed last year and so far this year as well…

Yea, cash is all the rage around our water cooler these days. Some convertibles look attractive as well.

I should note that cash does not apply to Zimbabwe Dollars however, where you would be better off getting mauled in equities right now versus watching your currency value get eaten like a lion eats a gazelle.