From the article: 

"Indeed, it's fair to conclude now that the bear market of 2000-02 never really ended and that the 2003-07 period of modestly higher returns will look from a historical perspective like a twitch of life in a moribund carcass."

Just as fair to conclude the opposite, I'd think. A decade from now we might know.

These are interesting times, as another poster wrote. It certainly tests how I view our balances each month. The recent market moves us to a more conservative AA, and in the future, either:

• I'll sit there when things pick up (50-50 AA or thereabout), or
• I'll rebalance and stay my ten-year course (60-40 AA).
  

A few months of negative return is a cold shower, isn't it?