With all the talk around about “If stock are down, go bonds”, I suggest that a savy investor might want to first calculate the probability of stagflation occuring (rising inflation combined with economic slowdown like in the ’70s).? If we hit something like that, the both stocks and bonds go down.? I’d appreciate any input into this concept as I could be missing something but I don’t want to see any body jumping out of the pan into the fire without considering the possibility.