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It doesn't worry me and it doesn't worry Greenspan either. Greenspan has talked extensively about how these years are different from previous years and he essentially follows a school of thought which says that borrowing can go on since the markets are floating with currency and the US markets are the most liquid.
What is tied into this and isn't being addressed is how the Yuan and the euro are valued. The EU is not the slightest bit happy about their currency valuation.
Anyway, if you want my 2 cents, I have quite a bit of my money diversified globally. I look for 30% gains and unless I put in an extraordinary amount of time doing hourly and daily trades in US markets, it's hard to make that. I have stock in a couple Euro pharmas and a Swiss mutual fund as well as some money in a combo hedge/mutual fund that does foreign exchange trading in Europe. My biggest gains are...India and my riskiest (so far my biggest losses) are China. By the way, get rid of your financial advisor and look into a diversified portfolio with a few indexes - unless you are an extremely wealthy individual he reduces your rate of return quite a bit.
-Rudey
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