UPDATE: Why Warren Buffett wants to sell you a car
UPDATE: Why this Fed-following strategy is a flawed way to buy stocks
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Keep them, but consider rebalancing gently into corporates and convertibles.
Plus, prospective "Magic Formula" investors face higher investment minimums.
If you use Ben Graham's definition of value investing, the answer is yes.
Probably not at these prices.
Consider small-cap, TIPS, real estate, commodity, and distressed-security funds.
They buy earnings cheaply, and they're mindful of debt.