Tim just retired and put his entire retirement savings of $100,000 in a typical stock on January 1, 2008, when the stock market was near its peak, and sold it on November 20, 2008, when the market was at a low point. As a result, his savings would have dropped to $51,994 for a 48 percent loss. What percent gain does he need for his $51,994 to climb back to $100,000? Would he have been better off if he had employed the principle of asset allocation?