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Bonds are expensive

Because it shows that as little as 13% in equities, with the rest in cash (i.e. a 13/87 barbell) can match the ten year note, it starkly highlights the expense of bonds.
-- Simon Lack, SL Advisors

As of Friday, I'm 23% cash, 70% equities (inclusive of ECC, IAU and FOF - somewhat "alternative" equities) and 7% Direxion Daily 20+ Year Treasury Bear 3X Shares (ticker TMV). This is the second time that I have tried to short long term Treasuries. I may very well get stopped-out again, but the risk/reward to too compelling to pass up.

-- Scrib