Getting More Fully Invested

Remember that cash I kept on the sidelines when I bought some mutual funds a few weeks ago? Well, I was able to put some of it to work last week then the market followed Lehman into the toilet mid-week. I bought more of both JARFX and MINDX. At this point I am fairly fully invested (at least until I sell my house). I just think cash and bond yields are too low given the completely obvious presence of inflation if you have filled up your car or gone to the grocery store lately. I would rather own almost entirely stocks at this point in time. I also believe that the U.S. market has at least begun to discount the recession we are about to experience. Stocks usually start to bounce before the economic data does. The election of Barrack Obama will probably not be well recieved by the market (I think he is likely to win) and could set us up for another more leg down in fall. Nonetheless, I think he will surround himself with smart people and will avoid being a "tax and spend" liberal, but ought to rather be a "tax and balance the budget" liberal. Furthermore, I think the fed funds rate at 2% ought to stimulate the economy by early 2009. Overall, while it may not be a straight line up, with a long-term view I think now is a good time to own stocks as they are one of the few ways to fight off inflation's devastating effects on your wealth.