Long term, short term, recession, Bush is bad for the economy etc etc etc. Very impressive. I'll bottom line it for ya. I'm moving out of bonds, that means I think interest rates have stopped declining ok. Now stay with me. I moving toward small and mid cap stocks with a small sprinkle of the larger caps . Are you still with me? A tad of Aaa, Aa and A corporates yielding at least 6 3/4 % are good also. Now about the recession, as you can see with this portfolio I am saying what? There ya go....no deep recession...recovery is just over the horizion without Mr. D stimulis pkg. Mr. D is a phoney, I'm putting my money where my mouth is, I'm betting on GW.