I am not sure what is new here. Because of the fluctuation of stocks, we all practice diversification and try to gather courage to "buy low/sell high", er, pardon, to "rebalance" to improve our return. I read nothing in the article to contradict that common strategy.
I am at 56% equity currently and not fazed, despite being down 23% from the top in Oct 07, as of market close yesterday.
PS. The market is now closed, and the MF results are in.
MF portion down 1.1%.
Stock portion down 1.3%.
Both beat S&P500 which is down 1.9% today.
"Old age is the most unexpected of all things that can happen to a man" -- Leo Tolstoy