Quote Originally Posted by UNCBear4SJ View Post
Thanks. I am well aware markets continue to be distorted by the quantitative easing the Fed felt necessary to implement. There is risk in everything (and obviously we all accept some risk since we are on a board dedicated to an activity which carries a high degree of short-term risk). I'm comfortable with my strategy at the current time, though stand ready to adjust allocations should normalcy begin to take hold, with rising interest rates putting pressure on pricing.
Fyi, the banks bear no risk at all. The risk is transferred to holders of their debt(creditors). Previously this has been foreign countries. Most notably China. But when these creditors become skittish to the debtor-creditor waltz, the taxpayer is called upon to take up the slack.