And when those bear markets represent two of the three worst bear markets in the last 80 years, it highlights how especially fortunate investors who held balanced portfolios in these periods were. (hussman.net)
So I can find myself as 25 % in equity and the rest of it in bonds and cash, in a really bad bear market. (mebfaber.com)
The caveat is, that if things go wrong e.g. big bad bear market and high inflation, then you'll need to put the brakes on later. (monevator.com)