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While on a vacation a few weeks ago, I was chatting with a fellow traveler who happens to be a financial planner. He advised me to move some things in my 401k around into more "stable" funds. I hope he's right and I hope he's wrong all at the same time.
The old adage is that bear markets return money to its rightful owners. I've been reading Galbraith's Great Crash. It could have been written yesterday about today, instead of in 1955 about 1929.