If a country seems to be somewhat near solvent, its bonds tend to be offering almost record-low yields. Commodities tend to be priced pretty significantly above their long-term averages. And then you have equities. People argue about whether the P/E [price-earnings] multiple is 15 times forward earnings or a different figure. But it is the only asset category that offers an entry point for investors that is cheaper than its long-term historical average.