Re: Where on earth is the value investor to go ?
Heh, heh, heh
My trusty no. 2 pencil says a 50% market drop combined with a 20% bond drop is livable in my balanced index based retirement.
Wrapped around the emotional Maypole - if it happens, you bet! Just stand there and do nothing - my fond hope!
The modern version of 1966 - 1982 - aka long sideways movement with an entertaining 73-74 type drop combined with some new form of stagflation is not something I look forward to - but it doesn't keep me awake at night either.
De Gaul and the Norwegian widow ride on. Got my Yogi Berra book from last year in case things get really grippy and need to lighten up.