Voltron says: All bets are off . . . it's every man for himself.
1. The government is changing the rules of the game as they go along. Moral Hazard concerns are out the window.
2. The government is preparing to throw $700,000,000,000 into the market to bail out their cronies and screw you.
3. There are Armageddon scenarios so dire, that no matter what your portfolio has, you will never recover any of the value. These scenarios now have non-zero probabilities.
I'm going to continue blogging, but keep in mind that it's no longer a free market. It's politics now. I know what the government should do, but that has nothing to so with what they will do.