A contrast that makes it hard to draw any conclusions.
Obviously I'm kicking myself for not being in the market. But safety, like everything else has its price. There is a good economic phrase which describes the price I am paying. It is "opportunity cost". I've missed my opportunity to profit, by sitting on the sidelines. Frustrating but there you go.
I have done a couple of things. When the fiscal cliff loomed I bought some more shorts on US treasury bonds. This time shorter term ones code PST. As the cliff moved away, they fell a bit.
GVC (a UK share) carries a 12% yield and a PE of 5.5, following a pull back on its price since it went ex dividend. I already had a hefty chunk of these shares and am sitting on a decent profit. I took the price pull back as an opportunity to pick up a few more. Remember I am not here to recommend anything. Just to report on what I'm doing.