401K- No Change from last month 12/3/11

My monthly analysis of my two 401K accounts showed no change is required on my selections. The system is split between equity and bond funds as it is in a transitional state.  Until I get a clear signal to go long 100%, I will choose to stay where I am, which is at about 40% long equity funds. On top of that I am partially hedged with put options on my long equity positions, as this market is fickle and could drop in a hurry.

Last week felt good as my long positions all recovered back nicely. Still, Europe’s problems are long term. Last week we all learned that there was an inter-bank liquidity problem and they agreed to do swaps for the US dollar. Let me see… Europe’s currency is in shaky grounds, and may collapse, and the US Fed decides to swap our US dollars for the Euro?? Makes good sense doesn’t it, if you are a contrarian and in the business of bailing people out. Who will bail us out??? Or are we too big to fail?

I am attaching as examples, a couple of charts on funds I am holding in my 401K. One is an equity fund; the Artisan Mid-Cap Value and the other is the Fidelity Govt Income Fund.