I just landed in LaGuardia from Dallas, and was surprised to see the Dow was down 1,000 points today.
To clarify the 100% cash position, that is in the long short aggressive accounts. We are far less aggressive in our asset allocation model, which typically is far less exposed to equities anyway.
More when I get settled in back at home.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.