I have moved most of my 401K money into the guaranteed fund this past Wednesday, 80% in fact.  I am thinking that the market will continue to be volatile with a downward bias for the foreseeable future, I still do not expect a Bear Market, but then again, I am always too optimistic so taking a more conservative approach with the 401K seems right for me.  It is kind of taking a contrarian approach to my own view, if you will.  The term “don't fight the Fed” also rings true, it is not that it would be fast or big rate increases, rather the fact that it is a rate increase environment for the foreseeable future and a profit recession to boot.

No changes in my ALU (soon to be NOK) position.