Nothing we do today is in a vacuum. Your objectives might change. The economy will change. The tax laws will change. At minimum, you should look at everything in a comprehensive manner on an annual basis.

In my opinion, that has to change. If we are to grow as a region as a tech-based economy, and a knowledge-based economy, we have to embrace those ideas, or at least be willing to be open-minded or experimental about that. It's not a question of are we ready for this in some cultural sense -- enough people are for this to happen. It's one we have to embrace.

Bonds will find it hard to rise today. The fundamental trend that the economy is recovering has not changed.

Asset allocation is not that different from what mom told us growing up: don't put all your eggs in one basket.

They invest in CDs and things are great for a while. But what winds up happening is that milk and butter starts costing them more than they thought and they realize they've sentenced themselves to a reduced standard of living.

The Fed did not change its upbeat view of the U.S. economy. The dollar-bullish trend will continue.