.....Jeddeloh: I often like to start with a conclusion. We've been telling clients that at some point this year, we will have a sharp down move in equity markets. It is likely to happen somewhere from May through October, and it could be a drop of anywhere from 15% to 20%, which is too much to ignore from an asset-allocation standpoint or from any standpoint. If I'm on the right track and we get a 15% to 20% decline in the indexes in absolute terms, everything's going down: big-caps, small-caps, you name it......
