Cover Me Crazy

But the thrill we'll never know
Is the thrill that'll getcha
When you get your picture
On the cover of the Rolling Stone
--Dr Hook

Given the historical track record of the infamous magazine cover indicator, Barron's cover this week, which states "Mostly Sunny," should give bulls cause for pause.

The cover story, entitled Reason to Cheer, presents some interesting data in Barron's quarterly Big Money poll of porfolio managers. Some of the highlights:

55% bullish / 14% bearish overall
favorite stock: Apple (AAPL)
81% bearish US Treasuries
14% bullish corporate bonds
43% bullish USD / 14% bearish
17% bearish Europe
10% bearish real estate
30% bullish gold/ 39% bearish

Have actually thinking about dipping a toe into some low-med duration fixed income exposure for my 401k via Pimco Total Return Fund--one of the few alternatives offered by TIAA-CREF that looks even remotely compelling. The Barron's poll numbers suggest that may not be a crazy thing to do here...