We told you earlier in the day yesterday, that blogger and money manager had gone 100% into cash based on technicals and market internals.
Well, let this only add to his market-timing legend.
In a follow-up blog post, Ritholtz explains that he was only in 100% cash for his most aggressive long/short accounts (which makes sense). For less aggressive accounts, he’s under-invested, but not actually 100% cash.
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