The Great Rotation Part I

In this January 31st FT video (5m 18sec), David Bowers, global strategist at Absolute Strategy Research, discusses the main issue in asset allocation with Long View columnist John Authers.  Financial panic has subsided into mere nervousness that a great rotation by investors from bonds into equities could be imminent.  Is the shift in monetary regime clear enough yet, and there is a danger of over-exposure to defensive equities or 'bond proxies.'