Neilson: People are going to stay in equities
Neilson: People are going to stay in equities. Our point at the moment is there are few choices. People are going to stay in equities. They may seem quite expensive but they'll remain the most prospective of all investments, in our view. When that starts getting damaged by aspects of misallocation... people putting money in the wrong areas. That's when we'll start stepping up our shorts again. For the moment we don't see that as the problem. We just see that people, in fact are still very cautious about equities. That gives us a terrific sense of comfort.