Morningstar, Inc. has reported that over $200 billion of new money has been added to bond mutual funds from January through August of 2009, while only roughly $15 billion has been invested in stock mutual funds.

As Yogi Berra said, “you can observe a lot just by watching” and at present there are a lot of things to be watching. The number of things that could go wrong in the U.S. and global economies over the next year or so, as we seek to find our way out of this financial crisis, can make your head spin.