RTFA: http://www.nytimes.com/2009/03/08/your-money/08inv…

Byron Wien, chief investment strategist at Pequot Capital Management, says he is an optimist. Yet he advises small investors to buy gold and corporate bonds, not equities, which, he said, may be too risky right now.

Barton M. Biggs, managing partner at Traxis Partners, a hedge fund, places himself in the optimists’ camp, too. Yet he advises well-to-do investors to arm themselves – with shotguns, if need be – against the possibility of a deepening downturn and accompanying “social unrest.”

Damn, a hedge fund manager is advising clients to arm themselves with shotguns?!