Interesting interview with Bob Brinker about 2 weeks ago with a guy who wrote a book on hedge funds. The Hedge fund Mirage by Simon Lack.
IIRC, Mr. Lack stated that in the last ten years a simple asset allocation of 60% total market index and 40% total bond index would have beaten most hedge funds every year, not just for the 10 years, but every individual year for the last 10 years.
Check this out for yourself. My memory could be faulty. And, of course, always do the due dilegence.
The worst decisions are usually made in times of anger and impatience.