Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

As we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more."

Most people are under exposed to global assets, including foreign stocks, bonds and currencies.

Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to growth and job creation in the U.S.

The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.

The world is on a bumpy journey to a new destination and the New Normal.

I remember when I was growing up, you would go to a bank to open a deposit, and they'd give you a toaster. A free toaster. These days, if you're a company, and you go to a bank, they could easily turn you away! They don't want your deposits anymore.