or the market is unpalble, some trap i hear every time it snaps a winning streak with a up couple of losses and we put on bears who come o o of hibernation, now. given that so many don't expect corrections here is something that seems pretty common sensible, it's avoided by people i have met. people wrongly believe in being fully invested at all times. lots of managers think they're supposed to be fully invested every y y. this i inonsense, lots of time the market just stinksou want to have some cash on hand i'm not saying going go in and off. have some cash, pretty good, a lot of times it's nothing to do accept have some cash. in fact, one of the chief reasons that out perform every manager in the business during my 14 year run, is there were substantial blocks of time i had a a t of caca. i was largely in cash including dropped. so it's actually 22.6% hit, to be precise. times, even when it learns little and nothing. i regard perfect hedge as supposos to shortrtg the market, the market keeps going higher in 1999 or the year befor the great recession in 08. you can face devastating