your advice is john manly. great to see you again, how are you? >> very well, tyler. good to see you. >> is this what we're seeing in the last couple of days, the beginning of the widely expected correction that we've been predicting for so long? >> i think this is a buying opportunity. i can't give you guarantees about one or two percent. there's still a lot of money waiting to get in. the market goes down very quickly on minor bad news which says to me people are still itchy. >> they are feeling itchy. they're also very nervous. nay don they don't like this volatility. what should investors do or not do during this phase of volatility? >> decide where you want to be in a year or two or how you want to retire. i think that's really important. yield is a very, very important commodity going forward. >> one of the things i noticed, john, is that generally, as a baseline, you think 65% in equities is a good place to start, given the growth potential there. but you've got 5% in cash, and nothing, nothing in bonds with the remaining 30% or so in what you describe as alter

. >> reporter: john manly was one of those parents. >> barnacle bills is part of the ortlly beach. >>t in your mind about rebuild something. >> not really. this is what we do. this is what we've done. it would have been the worst possible time to quit. things are progressing here. >> reporter: so they hired glen lynn. who promised the course would somehow be open by memorial day. >> memorial day is coming up fast. we are going to have this course carpeted and open and ready for play. barnacle bill will be on hole numb we were 9. >> reporter: on the course the lone survivor of the storm was barnacle bill himself. >> we had a lot of people calling that were very concerned if had survived or not. >> reporter: he was wintering indoors and being fiberglass withstood his emergence in seven feet of flood water. >> barnacle bill lives. reporter: barnacle bill's triumphant return in the nerk few days will mark the 50th anniversary of the course. >> this is our way of showing we're not going to quit. we're going to come back and be stronger than ever. >> reporter: like swallows to capistrano, h