Ghost of Igloi wrote:
I may have tunnel vision but I feel you and others who post here look thru a rear view mirror. Every speculative market transforms "expected future return" into "realized past return." That process alone leaves less for the long term investor. Of course one could criticize my belief that the current environment is a speculative market, but valuation models support my view. I assume you didn't ask me if I would increase the bond allocation because that is rather obvious valuation call. From my view, I can easily see the same valuation gap on the equity side. Yes, I will increase both stock and bond allocations as valuations improve.
Oh, so it's different this time.
And I see you say that YOU will increase stock allocations. I guess that means you won't let it happen naturally. Gotta get your cut, I guess.