What would you say? Being a bank, they'll likely be most focused on bonds, I think T-bonds will stay between 3.5 to 4% for some time. Interest rates: The Fed might still ease rates a LITTLE more, because this is an election year. It may rise rates in late 2009. Stocks may go up a little more to a bit high valuation levels, then retrace some of their gains, only to rally again by year end to finish the year about 6% up for the year. Commodities are if not at the top, they are almost at the top. They may remain bound in a wide range for some time. Currencies: The dollar might still go down a little more, altought with great volatility, and without a clearly defined trend. What you think, what would you add/remove, corrections?