Thanks yet again to Tim Price for the following observation;

1.   Reacting to mark-to-market movements in securities' prices is like making pronouncements about climate change from watching the clouds scud by.

2.   Market downdrafts can last for longer than many investors' bounds of tolerance. But mentally marking a longer term investment portfolio to market on a monthly basis, or even an annual basis, runs the risk of jeopardizing a fundamentally sound diversified portfolio - and meaningful longer term returns - for the sake of an easy night's sleep.

3.   If you cannot understand or rationalize a given market or its price and yield level, then don't invest in it. But by the same token, actively shorting it could prove disastrous. Particularly when it represents the full faith and credit of the world's sole economic and military superpower, during a time of tectonic credit market upheaval.

4.   The constant tide of financial news and data is a tool but hardly a directive strategy.