Did Bernanke Signal 'Risk-Off' Market Return?

Here’s how I opened my Bloomberg View column in January: “I have structured my investment themes for 2013 in two ways. The first is geared toward the current ‘risk on’ climate, even though I doubt it will endure. The other is a ‘risk off’ scenario that I believe will unfold once investors recognize the unsustainability of what I call the Grand Disconnect between robust securities markets and subdued economic reality.”