... because we believe the market is severely oversold, should stop going down and a rebound to begin, we are currently fully invested (even using some leverage in margin accounts) and have no short positions. From today’s attractive valuation levels, the market is much less vulnerable to market declines.That's a gutsy market call. As someone sitting on ~40% cash, I obviously disagree. Unlike other market forecasters, however, I admire them putting their money where their mouth is.
TAMI - Q1 2010 Newsletter
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