FOR YOUR MONEY.
1. buy stocks
2. buy bonds or save it.
3. pay off debt.
My strategy at the moment, besides shorting stocks, is paying off all my debt as fast as i can. Here's why. bonds and saving pay squat and stocks are so over-valued there is too much to risk. the only way to help my balance sheet is pay off all my debt, as fast as possible and keep a small pad in the saving act.
The fed has actually had the inverse effect of causing this phenomena. by artificially holding rates so low, they put SANE PEOPLE IN A BOX.