It is actually very bearish. Think about it. The asset allocation looks balanced, it should be a warning for the investor. Unlike institutions, individual investors are not required to have some of their assets in the stock market at all times. Unlike institutions, individual investors are not limited to how much cash they can have on hand.
Many companies maintain a couple of asset allocation model portfolios.
One that is made very public, showing very little cash and lots in stocks and another that is not quite so public. This type of asset allocation model reflects more accurately the strategist's view of the safety of the market. Don't bother asking your advisor, odds are he doesn't even know the limits on the public model, never mind that the flexible model even exists. It is important that you find out this information. No warranty or guarantee is given regarding the accuracy, reliability, veracity, or completeness of the information provided here or by following links from this page, and under no circumstances will the author or service provider be liable for any loss including but not limited to direct, indirect, incidental, special or consequential damages caused by using the information, or as a result of the risks inherent in the stock market.