Quote Originally Posted by Belguy View Post
I last adjusted my asset allocation early in the year after the markets had had a good run. I plan to do this again if and when the markets have another good run.

If this is market timing, so be it but I am not waiting to sell low and buy high but rather the other way around.

I will remain patient until the markets recover from their current (or lower) levels and adjust my allocation when I can sell individual holdings at or above their January levels.

OK, go ahead and shoot back with your criticisms!!
Since you rebalanced in 1Q2012, all you have to do is wait. Your equity portion will meet your 40% of your allocation after a 25% meltdown. This reallocation is well underway. Congratulations! No need for market timing.