Merk Warns on Markets; Shifts To Short/Alternative Stance

``Increasingly concerned about the markets, I've taken more aggressive action than in 2007, the last time I soured on the equity markets... Did I mention that I'm concerned about stocks and bonds? That may not make sense to some, as bonds are the historic refuge when stocks tank, but just as stock and bond prices have both been rising, it is possible for both of them to fall simultaneously.''