Weathering the recession
I still think its a good time to be buying stocks. I have been doing well in Corning options lately, rebuilding my capital. Historically, the best time to buy stocks is during the depths of recesssion. Prices remain bargain basement.
Given the massive deficit Obama is bringing us (even as he excoriates George Bush for committing the same sin to a lesser degree), one should not have any cash right now. Inflation will almost certainly have a huge negative impact on the value of the dollar over the next couple years.
For the first time in my life, I have started investing in gold. I am rolling all new 401K money into a Fidelity gold index fund. I don't believe gold is a good investment, but the more Obama spends, the more I long for a store of value that cannot be inflated without check by the government.
Really, any commodity will do. If you don't have a lot of money to invest, then go out and get yourself a gun. The lead in the bullets is another constant store of value. The gun itself will only become more valuable as Obama slips more draconian gun control measures in. Historically, guns have proven to have high resale value, even increasing in value over extended periods of time, if well cared for.