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why would they move to more conservative investments now? It is basically the same gamble every day weather the investments will go up or down. There is no new information currently to sudgest will continue to head down. Maybe now is a local minima or maybe not, i dont know but neither does anyone else with any statistical certaintly.

Now if they were great managers, they would have moved investments to something more conservative a week or so ago BEFORE things started heading down. you need future data to evaluate any changes.