Thought you’d get a chuckle:
I got a junk mail from ‘Dow Theory Forecasts’ with a sample of their newsletter from [date].
The Contributing Editor writes that their ‘Dow Theory’ indicator(s) is bearish, but they’re staying almost fully invested (86% – 89%) anyway. He goes on to mention the typical canards “you must be in the market for those 10% of days where all the gains are”.
Have a system, don’t follow it.
Thanks for such a great podcast!