Isn’t it usually best to go counter to the current? The expense ratio of VEIEX is rather high and it cost to buy in(0.5%) and get out(o.25%), it may be the way to go. A lot like putting one’s eggs all in one basket. VEMAX is the Admirals share version of VEIEX, higher expense ratio but there must be an upside to buying Admiral, also seems to be quite a bit larger fund than VEIEX, I don’t think either are a choice for me so I guess it is just academic for me. I’m going to try short term bonds for a couple of months then probably get out right before the crash.